Azerbaijan Central Bank sold $83 million to banks at a currency auction

14:45 - 29.12.2020

December 29, Fineko/abc.az. The Central Bank of Azerbaijan held a currency auction with the participation of the State Oil Fund.

The CBA reports that $83 million was sold to banks at today’s currency auction.

"Demand from banks at the auction amounted to $83 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 AZN 1.70.