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Central Bank of Azerbaijan holds regular foreign exchange auction

Economy Materials 9 March 2023 13:01 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, March 9. The Central Bank of Azerbaijan held a regular foreign exchange auction involving the State Oil Fund of Azerbaijan (SOFAZ), Trend reports via the Central Bank.

According to the bank, the demand at the auction amounted to $17.6 million and was fully satisfied.

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 $44.8 million.

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