Banks bought $58 million at a currency auction


September 23, Fineko/abc.az. The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

According to the CBA, $58 million was sold to banks at today’s auction that is by $5.8 million or 11.1% more compared with the last auction.

"The demand from banks at the auction amounted to $58 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.