BAKU, Azerbaijan, March 12. The Central Bank of Azerbaijan (CBA) held another currency auction, Trend reports.
The data of CBA shows that the demand at the auction amounted to $79.4 million (an increase of 0.38 percent or $0.3 million compared to the previous auction) and was fully satisfied.
Meanwhile, at the previous currency auction, the demand amounted to $79.1 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
A total of $1.515 billion has been purchased at currency auctions since the beginning of the year. The maximum demand for currency was recorded at the auction held on February 13, 2024 - $151.1 million. The amount of $417.1 million was purchased at currency auctions in January 2024 and $870.6 million in February.
However, $3.836 was purchased at currency auctions in 2023.
To note, the CBA started conducting currency auctions utilizing unilateral sales of foreign currency under competitive conditions in mid-January 2017.
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