SOFAZ sells $793M at currency auctions in Q1

SOFAZ sells $793M at currency auctions in Q1
# 18 May 2017 09:15 (UTC +04:00)

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.  

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THE OPERATION IS BEING PERFORMED