(MENAFN- AzerNews)
By Trend
The Central Bank of Azerbaijan (CBA) held a regular currency auction with the participation of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on Jan. 21, Trend reports citing the CBA.
According to the bank, the demand at the auction amounted to $99.7 million and was fully met.
The average weighted exchange rate based on the results of the auction was 1.7AZN/1USD.
The CBA started holding foreign exchange auctions through the unilateral currency sales in a competitive context from mid-January 2017.
---
Follow us on Twitter @AzerNewsAz
MENAFN22012022000195011045ID1103577343
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.