Rate of manat  drops (UPDATED)

Azerbaijani Central Bank has established  the rate of the national currency to the dollar on March 9, 2016 at the level of AZN 1.6228. This is  by one gepik higher than  the previous rate (1.6105). According to the Central Bank, the rate of manat was established on the basis of inter-bank transactions in the foreign exchange market. On March 7 SOFAZ sold at auction to 28  banks $ 49.7 million. At the auction was put up to  $50 million. -02D-

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2016 March 07 (Monday) 13:42:36

In today's auction for the sale of foreign currency, organized by the Central Bank of Azerbaijan, the main controller did not participate again.

According to the Azerbaijani State Oil Fund (SOFAZ), it allocated funds in the amount of $ 50 million.

In total, the auction was attended by 28 commercial banks, which bought almost all ($ 49.7 million) of the announced volume.

SOFAZ sells foreign currency within the approved transfers to the state budget at the level of 7 billion 615 million AZN.   --17D-

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