Sale of U.S. dollars to banks by SOFAZ up
By Trend
The State Oil Fund of Azerbaijan (SOFAZ) sold $439 million at the currency auctions organized by the country’s Central Bank (CBA) in June 2018, SOFAZ said July 5.
SOFAZ sold $422.7 million in May.
Since early 2018, the Azerbaijani banks bought around $3 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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