BAKU, Azerbaijan, September 12. The Central
Financial institution of Azerbaijan (CBA) held one other foreign money public sale on September
12.
Information obtained by Development from the Central Financial institution signifies that the demand
on the public sale amounted to $54.75 million (39.99 % or $36.29
million discount in comparison with the earlier public sale) and was absolutely
happy.
In the meantime, on the earlier foreign money public sale, the demand amounted
to $90.74 million.
The weighted common alternate price on the finish of the public sale
amounted to 1.7 AZN/1 USD.
A complete of $5.07 billion has been bought at foreign money auctions
for the reason that starting of the yr. The utmost demand for foreign money
was recorded on the public sale held on February 13, 2024 – $151.1
million.
Nonetheless, a complete of $417.1 million was bought at foreign money
auctions in January 2024, $870.6 million in February, $498.3
million in March, $623.4 million in April, and $558.6 million in
Might. $581 million in June and $597.1 million in July.
To notice, about $3.836 billion was bought at foreign money auctions
in 2023.
The CBA began conducting foreign money auctions by unilateral sale
of international foreign money below aggressive circumstances in mid-January
2017.
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