(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 18. The Central Bank ofAzerbaijan (CBA) held another currency auction on April 18,Trend reports.
The CBA data shows that the demand at the auction amounted to$79.8 million (an increase of 10.22 percent or $7.4 millioncompared to the previous auction) and was fully satisfied.
Meanwhile, at the previous currency auction, the demand amountedto $72.4 million.
The weighted average exchange rate at the end of the auctionamounted to 1.7 AZN/1 USD.
Since the beginning of the year, $2.1 billion has been purchasedat currency auctions. The maximum demand for currency was recordedat the auction held on February 13, 2024 - $151.1 million. Around$417.1 million were purchased at currency auctions in January 2024,$870.6 million in February, and $498.3 million in March.
To note, $3.8 billion was purchased at currency auctions in2023.
The CBA started conducting currency auctions by unilaterallyselling foreign currency under competitive conditions inmid-January 2017.
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