Azerbaijan’s Oil Fund sold $3.608 bn at currency auctions in 2017

17:36 - 5 January 2018

January 5, Fineko/ The State Oil Fund of Azerbaijan (SOFAZ) keeps transparency of its sales of foreign currency in the local market.

The Oil Fund reports that in December during the currency auctions SOFAZ sold the currency for $584.8 million.

Thus, last year the Oil Fund sold currency in the amount of $3.608 bn at currency auctions.

Since 2017 Fund’s finances are present in the foreign exchange market and indirectly within the transfers from the SOFAZ budget to the Central Bank for maintenance of financial stability.