Central Bank sold $56.2 million to banks at currency auction


November 26, 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 $56.2 million was sold to banks at the currency auction on 26 November.

"Demand from banks at the currency auction amounted to $56.2 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.