Baku, Azerbaijan, March 7
Trend:
Official exchange rate of manat, the Azerbaijani national currency, against the US dollar was set at 1.6228 manats for March 9, said the Central Bank of Azerbaijan (CBA) March 7.
The average rate of manat was set following the interbank transactions on the Azerbaijani currency market, said the CBA.
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) sold $49.7 million of the offered $50 million to 28 local banks through the auction held by CBA March 7.