Azerbaijan's Oil Fund reduces currency sale in August

Azerbaijan's Oil Fund reduces currency sale in August
  • Clock-gray 11:38
  • calendar-gray 01 September 2020

During August of 2020, $ 478 mln. in currency was sold by the State Oil Fund of the Republic of Azerbaijan in currency auctions, APA-Economics reports citing SOFAZ.

According to the information, a decrease of 7.2% has been observed in currency sales in August in comparison with July. So in July of 2020, SOFAZ sold funds of USD 515.5 million.

Note that in January-August of this year, funds of USD 5 003,7 million has been sold by the SOFAZ, which is 28.5% more in annual comparison.

 

 

 

APA-Economics

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