Central Bank sold $55.5 million to banks at a foreign exchange auction


April 8, 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 $55.5 million was sold to banks at today’s auction.

"The demand from banks at the auction amounted to $55.5 million and was fully met," the CBA said in a statement.

Following the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.