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BAKU, Azerbaijan, July 13. The
Central Financial institution of Azerbaijan (CBA) held an everyday overseas trade
public sale involving the State Oil Fund of Azerbaijan (SOFAZ) on July
13, Pattern stories.
Based on the financial institution, the demand on the public sale
amounted to $19.3 million (a lower in comparison with the earlier
public sale by 66.81 %, or $12.9 million) and was totally met.
In the course of the earlier public sale, the demand amounted to
$32.2 million.
The typical weighted trade charge of the Azerbaijani
manat to the US greenback amounted to 1.7 AZN/1 USD based mostly on the
public sale outcomes.
Because the starting of the yr, $1.6 billion has been
bought at foreign money auctions. The utmost demand for the foreign money
was recorded on the public sale held on March 28, 2023 – $96.3
million.
The typical demand at foreign money auctions organized by
the Central Financial institution of Azerbaijan in 2022 amounted to 52.4 million
manat ($30.8 million), whereas the provision was $70 million.
The CBA began conducting foreign money auctions by
unilateral sale of foreign money in aggressive situations from
mid-January 2017. Auctions are held within the type of a unilateral
sale of foreign money in aggressive situations.
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