SOFAZ lowers sale of currency


July 1, Fineko/ The State Oil Fund (SOFAZ) sold foreign currency for $278.1 million at currency auctions for June 2022 (against $288 million in May), ABC.AZ was informed at the Fund.

Thus, in June, compared with May, the volume of foreign currency sales by SOFAZ decreased by 3.5%.

In addition, SOFAZ sold foreign currencies for $727 million in January 2022, $371.2 million in February, $526.2 million in March, and $548.7 million in April.

In the 1st half of 2022, SOFAZ auctioned foreign currencies for $2.739 bn (1% less versus Jan-Jun 2021).