Central Bank sold $63.4 million at a currency auction


June 1, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) held a currency auction with the participation of the State Oil Fund.

According to the CBA, 1, $63.4 million was sold to banks at today’s auction on 1 June.

"The demand from banks at the auction amounted to $63.4 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 was formed at the level of 1.7000 AZN/USD.