In May of this year, funds worth USD 312.8 mln. were sold by the Oil Fund of the Republic of Azerbaijan (SOFAZ) in currency auctions, according to the calculations of APA-Economics based on the data of the Central Bank of Azerbaijan (CBA) and SOFAZ.
This figure is 38.7% less than in April and 6.4% less than in May of last year.
In the first five months of this year, the Oil Fund sold funds worth USD 2.303 bln. in currency auctions, which is 36.7% less in comparison with January-May of 2020.