BAKU, Azerbaijan, January 30. The Central Bank of Azerbaijan (CBA) has held a currency auction with decreased demand, Trend reports via CBA.
The demand at the auction amounted to $47.4 million (down 20.87 percent, or $12.5 million, compared to the previous auction) and was fully satisfied.
Meanwhile, at the previous currency auction, the demand amounted to $59.9 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
The maximum demand for currency since early 2025 was recorded at the auction held on January 7—$73.5 million. This year, currency auctions have sold for a total of $498.8 million (19.59 percent rise year-on-year).
In the interim, the aggregate amount of $7.09 billion has been acquired through currency auctions in 2024.
About $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, $558.6 million in May, $581 million in June, $597.1 million in July, $649.1 million in August, $582.87 million in September, $738.7 million in October, $487.1 million in November, and $492.2 million in December.
The CBA started conducting currency auctions by unilaterally selling foreign currencies under competitive conditions in mid-January 2017.
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