BAKU, Azerbaijan, November 28. Demand at the Central Bank of Azerbaijan's (CBA) currency auction held today has increased.
Data obtained by Trend from the CBA shows that this indicator amounted to $80.1 million (9.28 percent or $6.8 million growth compared to the previous auction) and was fully met.
Meanwhile, at the previous currency auction, the demand amounted to $73.3 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
A total of $6.6 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.
However, a total of $417.1 million was purchased at currency auctions in January 2024, $870.6 million in February, $498.3 million in March, $623.4 million in April, and $558.6 million in May, $581 million in June, $597.1 million in July, $649.1 million in August, $582.8 million in September, $738.7 million in October, and $487.1 million in November.
To note, over $3.83 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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