Azerbaijani Central Bank holds regular foreign exchange auction

Central Bank of Azerbaijan (CBA) has held a regular foreign exchange auction involving the State Oil Fund of Azerbaijan (SOFAZ), reports via the CBA.

According to the bank, the demand at the auction amounted to $26.4 million and was fully met.

The average weighted exchange rate of the Azerbaijani manat to the US dollar amounted to 1.7 AZN/1 USD based on the auction results.

During the previous auction, the demand amounted to $60.5 million.

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