Central Bank of Azerbaijan holds regular foreign currency auction
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 15
By Nazrin Israfilova - 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), Trend reports referring to the CBA.
According to the CBA, the demand of local banks for foreign currency amounted to $41.7 million and was fully met.
The average weighted exchange rate of the manat to the US dollar amounted to 1.7 AZN/1 USD based on the results of the auction.
The CBA has begun to conduct foreign exchange auctions through a one-way sale of currency in a competitive environment since mid-January 2017.
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.
Most popular stories
Market Research
- Poppy Seed Market Size, Share, In-Depth Insights, Opportunity And Forecast 2025-2033
- Daytrading Publishes New Study On The Dangers Of AI Tools Used By Traders
- Origin Summit Debuts In Seoul During KBW As Flagship Gathering On IP, AI, And The Next Era Of Blockchain-Enabled Real-World Assets
- Chicago Clearing Corporation And Taxtec Announce Strategic Partnership
- Bitmex And Tradingview Announce Trading Campaign, Offering 100,000 USDT In Rewards And More
- ROVR Releases Open Dataset To Power The Future Of Spatial AI, Robotics, And Autonomous Systems
More Story
Comments
No comment