BAKU, Azerbaijan, July 23. The Central Bank of Azerbaijan (CBA) held another currency auction on July 23, Trend reports.
The CBA data indicates that the demand at the auction amounted to $82 million (a growth of 2.24 percent or $1.8 million compared to the previous auction) and was fully satisfied.
Meanwhile, at the previous currency auction, the demand amounted to $80.2 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
Furthermore, a total of $4 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. In January 2024, $417.1 million was purchased at currency auctions; in February - $870.6 million; in March - $498.3 million; in April - $623.4 million; in May - $558.6 million; and in June - $581 million.
A sum of $3.83 billion was purchased at currency auctions in 2023.
To note, the CBA started conducting currency auctions through the unilateral sale of foreign currency under competitive conditions in mid-January 2017.
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