SOFAZ sells nearly $665M to Azerbaijani banks

VİEWS: 702 ECONOMY
The State Oil Fund of Azerbaijan (SOFAZ) sold $364.1 million at the currency auctions organized by the country’s Central Bank (CBA) in February 2018, SOFAZ said March 5.

 

SOFAZ sold $299.1 million at the currency auctions in January 2018. Since early 2018, the Azerbaijani banks bought $663.2 million from SOFAZ.

The currency is sold as part of SOFAZ’s transfers to the Azerbaijani state budget, which are envisaged in the volume of 9.216 billion manats for 2018.

 

Icmal.Az

COMMENTS