BAKU, Azerbaijan, February 27. The Central Bank of Azerbaijan (CBA) has held the next currency auction, Trend reports via CBA.
The data of CBA shows that the auction's demand totaled $105.1 million (a decrease from the previous auction of 2.78 percent, or $3 million) and was entirely satisfied.
Meanwhile, at the previous currency auction, demand totaled $108.1 million.
The weighted average exchange rate at the end of the auction was 1.7 AZN/1 USD.
Since the start of the year, $1.2 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. A total of $417.1 million was purchased at currency auctions in January 2024.
To note, $3.8 billion was purchased at currency auctions in 2023.
CBA started holding currency auctions by unilateral sale of foreign currency under competitive conditions in mid-January 2017.
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