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Azerbaijan's Central Bank sells $31 million to three lenders

Azerbaijan's Central Bank sells $31 million to three lenders
03.02.2016 19:00
Azerbaijan’s Central Bank sold $31 million to three local lenders in an auction on Wednesday.

The Central Bank offered $200 million but the demand was too low, it said.

The regulator burned through $600 million of its reserves last month to support manat.

The Central Bank’s foreign currency reserves fell to $4.4 billion as of Jan. 31.


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