Azerbaijan’s central bank sold USD 87.8 mln at its latest FX auction, fully meeting the demand from lenders. The exchange rate was stable at 1.7 manat per USD. Azerbaijan’s sovereign wealth fund Sofaz continues to offer dollars at these bi-weekly central bank-organized auctions, with a total of $558.6 million sold in May, versus USD 623 mln in April and USD 498.3 mln in March.