BAKU, Azerbaijan, April 16. The Central Bank of Azerbaijan (CBA) has held the next currency auction today, Trend reports.
According to CBA, the auction's demand was $72.4 million, an
8.24 percent or $6.5 million decrease from the previous auction,
and was fully met.
Meanwhile, interest for the preceding currency auction reached
$78.9 million.
The weighted average exchange rate at the end of the auction was
1.7 AZN to 1 USD.
To date, $2.099 billion has been purchased at currency auctions since the start of the year. The highest currency demand was reported at the auction held on February 13, 2024, at $151.1 million. In January 2024, $417.1 million was spent at currency auctions, followed by $870.6 million in February and $498.3 million in March.
To note, a total of $3.836 billion was purchased at currency auctions in 2023.
The CBA began conducting currency auctions through the unilateral sale of currency in competitive conditions in mid-January 2017.
Stay up-to-date with more news at Trend News Agency's WhatsApp channel