BAKU, Azerbaijan, January 23. The Central Bank
of Azerbaijan (CBA) has held yet another currency auction, and it
seems the demand has taken a bit of a dip, Trend reports via
CBA.
The demand at the auction amounted to $52.5 million (down 1.32
percent, or $700,000, compared to the previous auction) and was
fully satisfied.
Meanwhile, at the previous currency auction, the demand amounted
to $53.2 million.
The weighted average exchange rate at the end of the auction
amounted to 1.7 AZN/1 USD.
The maximum demand for currency since early 2025 was recorded at
the auction held on January 7—$73.5 million. This year, currency
auctions have sold for a total of $391.5 million.
In the interim, the aggregate amount of $7.09 billion has been
acquired through currency auctions in 2024.
About $417.1 million were purchased at currency auctions in
January 2024, $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.
The CBA started conducting currency auctions by unilaterally
selling foreign currencies under competitive conditions in
mid-January 2017.
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