Central Bank sold $44.1 million to banks at a currency auction


March 4, 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 at today’s currency auction $44.1 million was sold to banks.

"The demand from banks at the auction amounted to $44.1 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.