SOFAZ sells over $1B at currency auctions since early 2017

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# 09:25
1 May 2017

The State Oil Fund of Azerbaijan (SOFAZ) sold $220.8 in April 2017 at currency auctions organized by the Central Bank, SOFAZ told APA-Economics on May 1.

 

In three months of 2017, SOFAZ sold $793.4 million at currency auctions.

 

Azerbaijani banks bought nearly $4.92 billion from SOFAZ in 2016, up 37.5% compared to 2015.   

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THE OPERATION IS BEING PERFORMED