Azerbaijan’s State Oil Fund sells $50M to local

26 November 2024

Azerbaijan’s State Oil Fund sells $50M to local banks

01:55 29 July 2016 Read: 1060

Azerbaijan’s State Oil Fund sells $50M to local banks

The State Oil Fund of Azerbaijan (SOFAZ) sold $50 million to 28 local banks through an auction held by the Central Bank of Azerbaijan (CBA), SOFAZ said on July 28.

SOFAZ will continue selling foreign currency through auctions in 2016.

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