Demand At Azerbaijani Central Bank's Currency Auction Goes Down
Date
1/14/2025 5:08:43 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 14. Demand at the
currency auction of the Central bank of Azerbaijan (CBA) held today
has decreased, Trend reports via CBA.
This indicator amounted to $68.3 million (down 5.92 percent or
$4.3 million compared to the previous auction) and was fully
satisfied.
Meanwhile, at the previous currency auction, the demand amounted
to $72.6 million.
The weighted average exchange rate at the end of the auction
amounted to 1.7 AZN/1 USD.
The maximum demand for currency was recorded at the auction held
on January 7 this year-$73.5 million.
About $7 billion were purchased at currency auctions in 2024:
$417.1 million in January, $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.
As much as $3.8 billion was purchased at currency auctions in
2023.
The CBA started conducting currency auctions by unilateral sale
of foreign currency under competitive conditions in mid-January
2017.
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