State Oil Fund of Azerbaijan sold $346.1mln in currency auctions in February


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

As reported by the Oil Fund, $ 364.1mln was sold through February auctions against $ 299.1mln in January.

For the entire year 2017 SOFAZ sold $3,608.42mln in currency through auctions.

Since 2017, the fund's assets are present in the foreign exchange market and indirectly as part of a transfer from the SOFAZ budget to the Central Bank to maintain financial stability.



Keywords: SOFAZ