Central Bank of Azerbaijan: Demand in today's auction reached $30.6M

Azernews.Az

11 July 2024 19:00 (UTC+04:00)

Ulviyya Shahin

On July 11, the Central Bank of Azerbaijan conducted its regular currency auction, a crucial mechanism used by central banks to manage and stabilise currency exchange rates. During these auctions, commercial banks and other financial institutions bid for foreign exchange to meet their currency needs, influencing the exchange rate of the national currency against other currencies.

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