Azerbaijani Oil Fund reduces currency sales

Azerbaijani Oil Fund reduces currency sales
  • Clock-gray 14:51
  • calendar-gray 03 December 2019

During January-November of this year the currency in the amount of US$ 5,707.51 mln. was sold by State Oil Fund of Azerbaijan Republic (SOFAZ), "APA-Economics" reports as a result of the calculations conducted on the basis of the indicators published by the Foundation.

This indicator is less than the indicator for the same period of last year by US$ 75.79 mln. or 1.3%.

Note that the funds in the amount of US$ 539.81 mln. were sold during November 2019 by SOFAZ. The volume of the currency sold by the Foundation in the past month has decreased by 17.6% as compared with October of the current year.

Emil Ismayilov

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