Azerbaijan Central Bank announces USD rate for Jan. 18

Azerbaijan Central Bank announces USD rate for Jan. 18
17:27 15 Yanvar 2016
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Baku, Azerbaijan, Jan. 15
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Official exchange rate of the Azerbaijani national currency – the manat – against the US dollar was set at 1.5870 manats/$1 for Jan. 18, said the Azerbaijani Central Bank Jan. 15.

The average rate of manat was set following the interbank transactions on the Azerbaijani currency market, said the Central Bank.

Some $300 million was sold to the banks via the auction Jan. 15. Some $ 200 million of this amount was ensured by SOFAZ (State Oil Fund of the Azerbaijan Republic) and $ 100 million - Central Bank of Azerbaijan.

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