Central Bank sold $42.8 million to banks at a currency auction


June 8, 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, at today’s auction $42.8 million was sold to banks.

"The demand from banks at the auction amounted to $42.8 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.