Azerbaijan’s Central Bank sets manat rate for March 14

Official exchange rate of manat, the Azerbaijani national currency, against the US dollar was set at 1.6411 manats for March 14, said the Central Bank of Azerbaijan (CBA) March 11.

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

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) sold $68.4 million to 25 local banks through the auction held by CBA March 11.

Source: trend