SOFAZ sells nearly $665M to Azerbaijani banks
By Trend
The State Oil Fund of Azerbaijan (SOFAZ) sold $364.1 million at the currency auctions organized by the country’s Central Bank (CBA) in February 2018, SOFAZ said March 5.
SOFAZ sold $299.1 million at the currency auctions in January 2018. Since early 2018, the Azerbaijani banks bought $663.2 million from SOFAZ.
The currency is sold as part of SOFAZ’s transfers to the Azerbaijani state budget, which are envisaged in the volume of 9.216 billion manats for 2018.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!