Sale of US dollars to banks by SOFAZ down
Trend:
The State Oil Fund of Azerbaijan (SOFAZ) sold $422.7 million at the currency auctions organized by the country’s Central Bank (CBA) in May 2018, SOFAZ said June 1.
SOFAZ sold $802.6 million in April.
Since early 2018, the Azerbaijani banks bought over $2.5 billion 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.
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