Central Bank sold $55 million at a currency auction


March 16, 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, $55 million was sold to banks at today’s auction.

"The demand from banks at the foreign exchange auction amounted to $55 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 to the US dollar was 1.70 AZN/$1.