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Azerbaijan's Central Bank auctioned $498.8M in January, up 19.6% from last year, though demand fell 20.87%.
The Central Bank of Azerbaijan (CBA) sold $498.8 million through currency auctions in January 2025, a 19.6% increase from January 2024.
The auctions, which began in 2017, have seen a total of $7.1 billion sold in 2024.
The latest auction saw a demand drop of 20.87% to $47.4 million, with the exchange rate at 1.7 AZN/1 USD.
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El Banco Central de Azerbaiyán subastó $498.8M en enero, un aumento del 19.6% respecto al año pasado, aunque la demanda cayó un 20.87%.