Central Bank sold $63.7 million at a currency auction


May 27, 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, $63.7 million was sold to banks at today’s auction.

"The demand from banks at the auction amounted to $63.7 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.