Azerbaijan's central bank sells $67.2m on forex market on Wednesday

The central bank offered $200 million to 18 local lenders in the auction but the demand was much lower, it said.

The manat has lost more than a third of its value against the dollar in the past month and the central bank has burned through more than half its foreign currency reserves, which now stand at about $5 billion, trying to protect its value from low oil prices.