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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

US dollar price in Azerbaijan rises up to new absolute record

Posted on 18 November 2016

The Central Bank and the State Oil Fund of Azerbaijan (SOFAZ) have taken part today in a regular bipartite foreign exchange auction, and the national currency has fallen the next time running.
According to the CBA, on 17 November the foreign currency auction began from manat rate of AZN 1.7039 to the US dollar. Following the auction the rate of the American currency soared up to AZN 1.7089 to the US dollar. This price has become the highest value of the American currency during the whole period of existence of the Azerbaijan Republic……………………………………..Full Article: Source


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