(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 29 . The
Central Bank of Azerbaijan (CBA) held a regular foreign exchange
auction involving the State Oil Fund of the Republic of Azerbaijan
(SOFAZ) on November 29, trend reports via the Central Bank.
According to the bank, the demand in the auction
amounted to $65.3 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
results of the auction.
The Central Bank has begun to conduct foreign exchange
auctions through a one-way sale of currency in a competitive
environment since mid-January 2017.
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.