Azerbaijan’s Central Bank Holds Regular Foreign Exchange Auc…
1 min read(MENAFN- Craze Information Agency)
BAKU, Azerbaijan, May perhaps 19. The Central Financial institution of
Azerbaijan (CBA) has held a different currency auction with the
participation of the Condition Oil Fund of Azerbaijan (SOFAZ), Development studies referring to the CBA.
According to the CBA, the need of local banks for overseas
currency amounted to $49.2 million and was absolutely met.
The normal weighted trade level of the manat to the US dollar
amounted to 1.7 AZN/1 USD centered on the outcomes of the auction.
The CBA begun holding overseas exchange auctions by the
unilateral sale of international currency in aggressive problems from
mid-January 2017.
Tags:
- Central Bank of Azerbaijan
- international forex exchange
- Condition Oil Fund of Azerbaijan (SOFAZ)
- international forex need
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