BAKU, Azerbaijan, April 20. The Central Bank of Azerbaijan (CBA) has held a regular foreign exchange auction involving the State Oil Fund of Azerbaijan (SOFAZ), Trend reports via the CBA.
According to the bank, the demand at the auction amounted to $60.5 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 $19.2 million.
The CBA started conducting currency auctions through the unilateral sale of currency in competitive conditions from mid-January 2017.