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Official exchange rate of manat, the Azerbaijani national currency, against the US dollar was set at 1.6322 manats for March 15, said the Central Bank of Azerbaijan (CBA) March 14.
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 $11.9 million to nine local banks through the auction held by CBA March 14.