Central Bank sold $52.3 million to banks at a currency auction


April 22, 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, $52.3 million was sold to banks at today’s auction.

"The demand from banks at the foreign exchange auction amounted to $52.3 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.