Central Bank sold $111.3 million to banks at a currency auction

12:39 - 9.12.2021

December 9, 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, $111.3 million was sold at today’s auction that is $11.4 million (11.41%) more than at the last auction.

"The demand from banks at the auction amounted to $111.3 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.

 

Other news