(MENAFN- Trend News Agency) BAKU, Azerbaijan, April 30. The Central Bank ofAzerbaijan (CBA) has held the next currency auction today, markingan increase in demand, Trend reports.
The CBA data shows that the auction's demand was $77.1 million,up 2.25 percent or $1.7 million over the previous auction, and wascompletely met.
Meanwhile, at the previous currency auction, demand totaled$75.4 million.
The weighted average exchange rate at the end of the auction was1.7 AZN/1 USD.
To date, $2.4 billion has been purchased at currency auctionssince the start of the year. The highest currency demand wasreported at the auction held on February 13, 2024, at $151.1million. In January 2024, $417.1 million was spent at currencyauctions, followed by $870.6 million in February, $498.3 million inMarch, and $623.4 million in April.
To note, a total of $3.8 billion was purchased at currencyauctions in 2023.
The CBA began conducting currency auctions through theunilateral sale of currency in competitive conditions inmid-January 2017.
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