SOFAZ sold $318 million at currency auctions in October


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

SOFAZ reports that foreign exchange currency for $318 million were sold at currency auctions in October.

The Fund sold $252.2 million in September, $292.6 million in August, $253.2 million in July, $373.2 million in June, $300.3 million in May, $220.8 million in April, $250 million in March, $258.4 million in February and $285 million in January of 2017.

Starting from this year SOFAZ’s finances have been present in the foreign exchange market and indirectly – within the framework of transfers from the SOFAZ budget to the Central Bank for maintenance of financial stability.


Ключевые слова: SOFAZ currency