Oil Fund decreases currency sale by 37% this year

Oil Fund decreases currency sale by 37% this year
# 01 June 2021 09:48 (UTC +04:00)

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.

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