Central Bank sold $70.7 million to banks at currency auction


September 24, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

The CBA reports that $70.7 million was sold to banks at a currency auction on 24 September.

"The demand from banks at the currency auction amounted to $70.7 million and was fully met," the CBA said.

As a result of the auction, the weighted average exchange rate of the manat to the US dollar was AZN 1.70.