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Azerbaijan banks buy nearly $50M from Central Bank

Economy Materials 17 February 2016 16:32 (UTC +04:00)
The Central Bank of Azerbaijan (CBA) sold nearly $50 million to 14 domestic banks through an auction Feb. 17.
Azerbaijan banks buy nearly $50M from Central Bank

Baku, Azerbaijan, Feb. 17

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The Central Bank of Azerbaijan (CBA) sold nearly $50 million to 14 domestic banks through an auction Feb. 17.

"CBA put up $200 million for sale, but the banks' total demand for foreign currency was only $49.99 million and it was fully met," the CBA said in a message Feb. 17.

CBA holds auctions three times a week - on Mondays, Wednesdays and Fridays.

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