Central Bank sold $63.8 million to banks at currency auction


December 1, 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 $63.8 million was sold to banks at today’s auction.

"Demand from banks at the currency auction amounted to $63.8 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.