BAKU, Azerbaijan, April 30. The Central Bank of Azerbaijan (CBA) has held the next currency auction today, marking an increase in demand, Trend reports.
The CBA data shows that the auction's demand was $77.1 million, up 2.25 percent or $1.7 million over the previous auction, and was completely met.
Meanwhile, at the previous currency auction, demand totaled $75.4 million.
The weighted average exchange rate at the end of the auction was 1.7 AZN/1 USD.
To date, $2.4 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, $498.3 million in March, and $623.4 million in April.
To note, a total of $3.8 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.
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