Central Bank sold $43.8 million to banks at a currency auction


February 25, Fineko/abc.az. The Central Bank of Azerbaijan has held a currency auction with the participation of the State Oil Fund.

The CBA informs that $43.8 million was sold to banks at the auction on 25 February.

"The demand from banks at the auction amounted to $43.8 million and was fully met," the CBA said in a statement.

At the end of the auction, the weighted average exchange rate was AZN 1.70 to the US dollar.