Azerbaijan Oil Fund currency sales more than doubled for year

11:54 - 6.02.2019


February 6, Fineko/abc.az. The State Oil Fund of Azerbaijan (SOFAZ) keeps transparency of its foreign currency sales in the local market.

According to SOFAZ, they sold $634.9 million in currency auctions this January versus $299.1 million in January 2018.

Currency sales in the auctions totaled $677.1 million in December, $654.1 million in November, 489.6 million in October, $394.8 million in September, $733.7 million in August, $536.6 million in July, $439 million in June, $422.7 million in May, $802.6 million in April, $647 million in March, $364.1 million in February, and $299.1 million in January of 2018.

SOFAZ sold foreign currency for $6.46 bn in 2018 alone versus $3.597 bn in 2017.

 

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