Central Bank sets manat rate for February 17
The official exchange rate of manat, the Azerbaijani national currency, against the US dollar was set at 1.5675 manats/$1 for Feb. 17, said the Central Bank of Azerbaijan (CBA) Feb. 16.
The average rate of manat was set following the interbank transactions on the Azerbaijani currency market, said the CBA.
The CBA sold over $32 million to 10 domestic banks through the auction on February 15. The Bank put up for sale $200 million, but the total demand of banks for foreign currency amounted to only $32.1 million and it was fully met.
the CBA holds auctions three times a week - on Monday, Wednesday and Friday.
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