Azerbaijani Economy 11 september — 13:09

Central Bank keeps manat exchange rate

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The average exchange rate of the manat against the dollar at the currency auction today was AZN 1.7 / USD 1, Central Bank of Azerbaijan reports.

At the previous currency auction on September 6, the weighted average rate also amounted to AZN 1.7 / USD 1.

Since January 12, 2017, the CBA began to apply a new mechanism of currency auctions. The auctions take the form of a one-way sale of currency in competitive conditions.

Orders are provided from the upper price to the lower price.

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