(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 19. The Central Bank of
Azerbaijan (CBA) held further currency auction, Trend reports via CBA.
The data of CBA shows that the demand at the auction amounted to
$93 million (an increase of 11.64 percent or $9.7 million compared
to the previous auction) and was fully satisfied.
To recall, demand at the previous currency auction was $83.3
million.
The weighted average exchange rate at the end of the auction was
1.7 AZN/1 USD.
Since the start of the year, currency auctions have raised a total
of $1.691 billion. The highest currency demand was reported at the
auction conducted on February 13, 2024, at $151.1 million. $417.1
million was purchased at currency auctions in January 2024,
followed by $870.6 million in February.
However, $3.836 was acquired at currency auctions in 2023.
To note, the CBA has started conducting currency auctions
utilizing unilateral sales of foreign currency under competitive
conditions since mid-January 2017.
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