Central Bank sold $100.7 million to banks at a currency auction


December 2, Fineko/abc.az. The Central Bank of Azerbaijan has conducted a currency auction with the participation of the State Oil Fund.

According to the CBA, $100.7 million was sold to banks at today’s currency auction ($42.2 million or 29.53% less against the previous auction).

"The demand from banks at the auction amounted to $100.7 million and was fully secured," 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.