BAKU, Azerbaijan, February 1. The Central Bank of Azerbaijan (CBA) has held the next currency auction, Trend reports, referring to CBA.
The CBA data shows that demand at the auction totaled $78.7 million (up 22.59 percent, or $14.5 million, from the previous auction) and was fully met.
At the previous currency auction, the demand amounted to $64.2 million.
The weighted average exchange rate after the auction amounted to 1.7 AZN/1 USD.
Since the beginning of the year, $495.8 million have been purchased at currency auctions. The maximum demand for foreign currency was recorded at the auction on January 11, 2024 - $80.4 million.
Meanwhile, $3.8 billion was bought at currency auctions in 2023.
The average demand at currency auctions organized by the CBA in 2022 amounted to $52.4 million, while the supply amounted to $70 million.
The CBA started conducting foreign exchange auctions through the unilateral sale of foreign currency on competitive terms in the middle of January 2017.
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