TODAY.AZ / Business

CBA holds regular foreign exchange auction

04 August 2022 [16:14] - TODAY.AZ

By Trend

The Central Bank of Azerbaijan (CBA) has held a regular currency auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), Trend reports referring to the bank.

According to the CBA, the foreign currency demand of local banks amounted to $38.3 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 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.

URL: http://www.today.az/news/business/223762.html

Print version

Views: 934

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: