The Central Financial institution notes a change in demand on the international alternate public sale – 2024-06-19 07:36:01

by times news cr

2024-06-19 07:36:01

The Central Financial institution of Azerbaijan (CBA) held the following foreign money public sale on June 13, Day.Az reported on Thursday close to the CBA.

CBA knowledge reveals that demand on the public sale amounted to 75.1 million US {dollars} (a rise from the earlier public sale by 16.43 p.c, or $10.6 million) and was absolutely glad.

Allow us to word that on the earlier international alternate public sale the demand amounted to $64.5 million.

The weighted common alternate fee following the public sale was 1.7 AZN/1 USD.

Because the starting of the 12 months, $3.277 billion have been bought at international alternate auctions. The utmost demand for foreign money was recorded on the public sale held on February 13, 2024 – $151.1 million. In January 2024, $417.1 million was bought at international alternate auctions, in February – $870.6 million, in March – $498.3 million, in April – $623.4 million, in Could – $558.6 million .

Allow us to recall that in 2023, $3.836 billion was bought at international alternate auctions.

The CBA started conducting foreign money auctions by way of the unilateral sale of foreign money in aggressive circumstances in mid-January 2017.

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