BAKU, Azerbaijan, August 27. The Central Bank of Azerbaijan (CBA) held another currency auction on August 27, Trend reports.
The data from CBA indicates that the demand at the auction amounted to $75.8 million (a decline of 0.52 percent or $400,000 compared to the previous auction) and was fully satisfied.
The demand at the previous currency auction amounted to $76.2 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
A total of $4.717 billion has been purchased at currency auctions since the beginning of the year. The maximum demand for currency was recorded at the auction 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; in June - $581 million: and in July - $597.1 million.
About $3.836 billion was purchased at currency auctions in 2023.
The CBA started conducting currency auctions by unilaterally selling foreign currency under competitive conditions in mid-January 2017.
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