BAKU, Azerbaijan, February 22. The Central Bank of Azerbaijan (CBA) held another currency auction, Trend reports via Central Bank of Azerbaijan (CBA)
As CBA data read, the auction's demand totaled $108.1 million
(up 5.36 percent or $5.5 million from the previous auction) and was
entirely satisfied.
Meanwhile, at the previous currency auction, demand totaled $102.6
million.
The weighted average exchange rate at the end of the auction was
1.7 AZN/1 USD.
Since the start of the year, $1.1 billion has been bought at
currency auctions. The highest currency demand was reported at the
auction conducted on February 13, 2024, at $151.1 million. Some
$417.1 million was purchased at currency auctions in January
2024.
To note, $3.8 billion was purchased at currency auctions in 2023.
The CBA started conducting currency auctions by unilateral sale of foreign currency under competitive conditions in mid-January 2017.
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