Central Bank sold $62.9 million at a currency auction


October 29, 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 $62.9 million was sold to banks at today’s currency auction.

"Demand from banks at the auction reached $62.9 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.