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Azerbaijani Central Bank holds new format currency auction


The Central Bank of Azerbaijan (CBA) has held a currency auction in a new format with the participation of the country’s State Oil Fund (SOFAZ).  

 

The auction was held competitively, in a one-sided sales format. The orders were ensured in line with the principle “from the maximum price to the minimum”, APA-Economics reported. 

 

The weighted average rate of manat stood at 1.7867.  

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EXCHANGE RATE
FOREX
/ 20 February, 2017

USD
1.7352
 
EUR
1.8425
 
RR
0.0297