Central Bank sold $66 million to banks at a currency auction


December 8, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

The CBA reported that $66 million was sold to banks at a currency auction on 8 December.

"Demand from banks at the currency auction amounted to $66 million and was fully met," the CBA said in a statement.

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