BAKU, Azerbaijan, February 20. The Central Bank of Azerbaijan (CBA) has held another currency auction, Trend reports via CBA.
The CBA data shows that the demand at the auction amounted to $102.6 million (a 1.25 percent or $1.3 million decrease over the previous auction) and was fully met.
Meanwhile, at the previous currency auction, the demand amounted to $103.9 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
Since the start of the year, $994.5 million has been purchased through currency auctions. The highest currency demand was reported at the auction on February 13, 2024, at $151.1 million. In January 2024, currency auctions yielded $417.1 million in purchases.
To note, $3.8 billion was purchased at currency auctions in 2023.
In mid-January 2017, the CBA began holding currency auctions by unilaterally selling foreign currency under competitive terms.
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