BAKU: The Central Bank of Azerbaijan (CBA) held another currency auction on September 26, Trend reports via CBA.
The data from CBA shows that the demand at the auction amounted to $77.8 million (an increase of 2.64 percent or $2 million compared to the previous auction) and was fully satisfied.
However, at the previous currency auction, the demand amounted to $75.8 million.
The weighted average exchange rate at the end of the auction amounted to 1.7 AZN/1 USD.
Since the beginning of the year, $5.3 billion has been purchased at currency auctions. The maximum demand for currency was recorded at the auction held on February 13, 2024: $151.1 million.
Meanwhile, in January 2024, $417.1 million was purchased at currency auctions, $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, and $582.87 million in September.
Note that a total of $3.836 billion was purchased at foreign exchange auc
tions in 2023.
The CBA started conducting currency auctions by unilateral sale of foreign currency in competitive conditions in mid-January 2017.
Source: Trend News Agency