SOFAZ increased foreign exchange sales by up to 11% last year

SOFAZ increased foreign exchange sales by up to 11% last year
  • Clock-gray 12:08
  • calendar-gray 05 January 2021

State Oil Fund of the Republic of Azerbaijan (SOFAZ) sold funds in the amount of USD 637,74 mln. in currency auctions during December of 2020, APA-Economics reports citing SOFAZ.

According to the information, 28,7% increase was recorded in foreign exchange sales in comparison to November. Thus, SOFAZ sold fund in the amount of USD 495,5 mln in November of 2020. This indicator has decreased by 28% in comparison to December of the previous year (USD 886,35 mln.)

In addition, the fund in the amount of USD 7 303,64 mln. has been sold by SOFAZ in January-December of the previous year which is 10,8% more in annual comparison.

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