CBA discloses amount of foreign currency sold via auction
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By Trend
The Central Bank of Azerbaijan (CBA) sold $63 million to banks at the foreign exchange auction held with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on November 5, 2020, Trend reports citing the country's CBA.
The demand from banks at the auction increased by 1 percent compared to the previous indicator and was fully met.
At the end of the auction, the weighted average rate of the manat to the dollar amounted to 1.7 AZN / USD.
On March 10, 2020, the first foreign exchange auction in a long time was held with the participation of the SOFAZ, during which Azerbaijani banks purchased $323.2 million.