SOFAZ reduced currency sale by 11,6% last month, while increased by 16,8% in January-November

SOFAZ reduced currency sale by 11,6% last month, while increased by 16,8% in January-November
  • Clock-gray 11:24
  • calendar-gray 01 December 2020

In November 2020, funds in the amount of USD 495,5 mln was sold by the State Oil Fund of the Republic of Azerbaijan in currency auctions, APA-Economics reports citing SOFAZ.

According to the information, an 11,6% decrease has been recorded in currency sales in November, in comparison to October. Thus, in October of 2020, the fund in the amount of USD 560,3 mln. Was sold by SOFAZ. This indicator decreased by 8,2% in comparison to November of the previous year.

Moreover, in January-November of this year, funds in the amount of USD 6 665,9 mln. was sold by SOFAZ, which is 16,8% more in annual comparison.

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