Azerbaijan’s Central Bank sets manat rate for March 17

Official exchange rate of manat, the Azerbaijani national currency, against the US dollar was set at 1.6102 manats for March 17, said the Central Bank of Azerbaijan (CBA) March 16.

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

The State Oil Fund of Azerbaijan sold $39.1 million to eight banks on March 16 during the auction held by the Central Bank.

Source: TREND