Central Bank of Azerbaijan held 24 currency auctions on organization of currency sales of the State Oil Fund of Azerbaijan (SOFAZ), said the Central Bank’s Monetary Policy Review for January-March 2017.
In three months of 2017, SOFAZ sold $793.1 million at currency auctions, down 36.7% from previous year.
Moreover, currency operations out of auctions amounted to $102.5 million in a segment of the interbank currency market organized in Bloomberg platform.