CBA sets manat’s average rate for January 24
By Trend
The average weighted rate of the Azerbaijani manat against the US dollar was set at 1.8559 AZN/USD for January 24 after a currency auction held by the country’s Central Bank (CBA) on January 23.
The currency auction was held with participation of the State Oil Fund of Azerbaijan (SOFAZ), said the CBA.
Under the new mechanism, the official rate of manat is set, based on the weighted average rate in accordance with the transactions concluded with commercial banks in the interbank foreign exchange market and in auctions. The auctions are held in the format of the unilateral sale of currency.
Auctions are held three times in a week.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!