At Azerbaijan’s recent central bank FX auction, lenders demanded USD 79.1 mln, up from USD 68.9 mln in the prior session, with the central bank fully satisfying the demand at a stable exchange rate of 1.7 manat/USD. The state’s sovereign wealth fund, Sofaz, regularly contributes dollars to these bi-weekly auctions, having sold USD 920.5 mln in February, a significant increase from the previous months.