Central Bank of Azerbaijan discloses foreign currency auction results

BAKU, Azerbaijan, Nov. 26

Author Khagan Isayev – Trend:

The Central Bank of Azerbaijan (CBA) traded foreign currency by the State Oil Fund (SOFAZ) on November 25, Events reports through the CBA.

According to the CBA, local banks’ demand for foreign currency amounted to $ 105.5 million and was met.

At the end of the trade, the value of the manat in US dollars was 1.7 AZN / USD.

The CBA began to make money trading through a one-way street trading platform competing from mid-January 2017.

The idea was made in March 2020 to sell the currency surprisingly due to the increase in the volume of foreign exchange failure the failure of the OPEC + agreement, which led to a sharp decline in oil prices.

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