BAKU, Azerbaijan, March 15
Trend:
The Central Bank of Azerbaijan (CBA) held another foreign exchange auction with the State Oil Fund of Azerbaijan (SOFAZ), Trend reports referring to the CBA.
According to the CBA, the demand for foreign currency amounted to $74.3 million and was fully met.
The average weighted exchange rate of the manat to the US dollar amounted to 1.7 AZN/1 USD following the auction.
The CBA has begun to conduct foreign exchange auctions through the unilateral sale of currency in a competitive environment since mid-January 2017.