SOFAZ sells over $540M to Azerbaijani banks since early

29 November 2024

SOFAZ sells over $540M to Azerbaijani banks since early 2017

02:55 02 March 2017 Read: 623

SOFAZ sells over $540M to Azerbaijani banks since early 2017

The State Oil Fund of Azerbaijan (SOFAZ) sold $258.4 million in February 2017 at currency auctions organized by the Central Bank, SOFAZ said March 1.

In two months of 2017, SOFAZ sold $543.4 million at currency auctions.

Azerbaijani banks bought nearly $4.92 billion from SOFAZ in 2016.

The State Oil Fund will continue selling currency through auctions in 2017.

The currency sale is carried out as part of SOFAZ’s transfers to the Azerbaijani state budget, which are envisaged in the volume of 6.1 billion manats for 2017.

More about:

News Line

Military attachés visit Azercosmos

Military attachés visit Azercosmos

Azerbaijan, Ethiopia explore prospects for partnership in trade, investment & green energy

Azerbaijan, Ethiopia explore prospects for partnership in trade, investment & green energy

Next tasks fulfilled at “SAT-SAS-2024” exercise, Defense Ministry

Next tasks fulfilled at “SAT-SAS-2024” exercise, Defense Ministry

Magnitude 3.6 quake hits Caspian Sea

Magnitude 3.6 quake hits Caspian Sea

Australian Senate approves social media ban on under-16s

Australian Senate approves social media ban on under-16s

European Parliament allows internal investigations led by EU’s fraud busters

European Parliament allows internal investigations led by EU’s fraud busters

Azerbaijani, Iranian forces complete Araz-2024 joint tactical exercise - PHOTO

Azerbaijani, Iranian forces complete Araz-2024 joint tactical exercise - PHOTO

Azerbaijan and Greece discuss cooperation in finance

Azerbaijan and Greece discuss cooperation in finance

Putin: Oreshnik’s massive strike comparable to nuclear weapons

Putin: Oreshnik’s massive strike comparable to nuclear weapons

Georgian parliament approves composition of new cabinet

Georgian parliament approves composition of new cabinet

Astana hosts CSTO Summit of Heads of State

Astana hosts CSTO Summit of Heads of State

AZAL plans to launch regular flights from Baku to Zurich

AZAL plans to launch regular flights from Baku to Zurich

We urge Poland to avoid escalating situation in S. Caucasus - WAC

We urge Poland to avoid escalating situation in S. Caucasus - WAC

COP29 NGO Coalition issues statement on “Baku Breakthrough”.

COP29 NGO Coalition issues statement on “Baku Breakthrough”.

Latvia fully supports Azerbaijan's sovereignty, territorial integrity - ambassador

Latvia fully supports Azerbaijan's sovereignty, territorial integrity - ambassador

Western Azerbaijan Community calls on Greece to refrain from dangerous steps escalating regional tension

Western Azerbaijan Community calls on Greece to refrain from dangerous steps escalating regional tension

President Ilham Aliyev attends inauguration of Central Botanical Garden

President Ilham Aliyev attends inauguration of Central Botanical Garden

Calm returns to Pakistani capital Islamabad as opposition supporters back to homes

Calm returns to Pakistani capital Islamabad as opposition supporters back to homes

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

President Ilham Aliyev shares post on Kalbajar City Day - VIDEO

President Ilham Aliyev shares post on Kalbajar City Day - VIDEO

Protocol of intent signed for Baku Dialogue on Water for Climate Action

Protocol of intent signed for Baku Dialogue on Water for Climate Action

COP29 Presidency issues statement on climate finance goals and consultation process

COP29 Presidency issues statement on climate finance goals and consultation process

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

President Ilham Aliyev congratulates Albanian counterpart

President Ilham Aliyev congratulates Albanian counterpart

COP29 сlosing plenary held in Baku

COP29 сlosing plenary held in Baku

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

Azerbaijan celebrates Kalbajar City Day in Azerbaijan

Azerbaijan celebrates Kalbajar City Day in Azerbaijan

Azerbaijani President: The COP29 is a turning point in climate diplomacy!

Azerbaijani President: The COP29 is a turning point in climate diplomacy!

Aircraft of Azerbaijan Air Force carry out training flights - VIDEO

Aircraft of Azerbaijan Air Force carry out training flights - VIDEO

Azerbaijani, Iranian forces complete Araz-2024 joint tactical exercise - PHOTO

Azerbaijani, Iranian forces complete Araz-2024 joint tactical exercise - PHOTO

Azerbaijan welcomes ceasefire between Israel and Lebanon

Azerbaijan welcomes ceasefire between Israel and Lebanon

Azerbaijani, Iranian special forces begin joint tactical exercise

Azerbaijani, Iranian special forces begin joint tactical exercise

President Ilham Aliyev congratulates Trump on his reelection as US President

President Ilham Aliyev congratulates Trump on his reelection as US President

News Line
Most Read

21:15 Military attachés visit Azercosmos
19:59 Azerbaijan, Ethiopia explore prospects for partnership in trade, investment & green energy
18:28 Next tasks fulfilled at “SAT-SAS-2024” exercise, Defense Ministry
17:36 Magnitude 3.6 quake hits Caspian Sea
17:05 Australian Senate approves social media ban on under-16s
16:46 European Parliament allows internal investigations led by EU’s fraud busters
16:15 Azerbaijani, Iranian forces complete Araz-2024 joint tactical exercise - PHOTO
15:52 Azerbaijan and Greece discuss cooperation in finance
15:43 Putin: Oreshnik’s massive strike comparable to nuclear weapons
15:30 Georgian parliament approves composition of new cabinet
15:18 Astana hosts CSTO Summit of Heads of State
14:47 AZAL plans to launch regular flights from Baku to Zurich
14:47 We urge Poland to avoid escalating situation in S. Caucasus - WAC
14:36 COP29 NGO Coalition issues statement on “Baku Breakthrough”.
14:34 Latvia fully supports Azerbaijan's sovereignty, territorial integrity - ambassador
14:25 Western Azerbaijan Community calls on Greece to refrain from dangerous steps escalating regional tension
14:14 President Ilham Aliyev attends inauguration of Central Botanical Garden
13:50 Calm returns to Pakistani capital Islamabad as opposition supporters back to homes
13:39 World’s best cities 2025: London, Paris, and New York lead the pack
13:36 Azerbaijani Foreign Ministry summons Polish Chargé d'Affaires
12:14 Ilham Aliyev congratulates President of Democratic Republic of Timor-Leste
11:36 President Ilham Aliyev congratulates Albanian counterpart
11:35 UAE’s Abu-Dhabi hosts “Days of Shusha”
11:10 Landslides in Indonesia's Sumatra kill at least 27
10:52 Bomb threats made against Trump cabinet nominees
10:37 Azerbaijani oil drops below $75
09:53 Israel to appeal against ICC warrants for Netanyahu and Gallant
09:31 Outgoing US administration working on new $725M military aid package for Kyiv
09:17 Mukhtar Babayev meets with ambassador of Saudi Arabia to Azerbaijan
23:15 Five of those killed in accident in Tovuz were military personnel - Azerbaijani MoD
22:16 Commemorative coin symbolizing Nizami Ganjavi's heritage presented to UN Secretary-General
21:17 Magnitude 3.3 quake jolts Azerbaijan’s Jalilabad district
19:27 Why India's latest Sun mission finding is crucial for the world - iWONDER
18:25 Azerbaijan’s Central Election Commission forms expert group regarding upcoming municipal elections
17:49 Commemorative coin featuring illustrations from Khamsa manuscripts presented to Guterres
17:44 Icherisheher and Gala Reserve attract over 12,000 visitors during COP29
16:59 Azerbaijan’s CEC forms working group for municipal election document verification
16:57 Azerbaijan's successful holding of COP29 commended in Lefkosa
16:26 Romania asks EU to investigate TikTok’s election handling after ultranationalist’s stunning win
16:26 Azerbaijan to hold municipal elections on January 29
16:13 US lawmakers urge Biden to pardon Assange to send ‘clear message’ on media freedom
15:54 Unidentified drones observed flying over US bases in UK
15:34 Prosecutors investigate racism incident during football match in France
15:12 US seeks full control of Armenia, says Russian intel agency
14:59 Azerbaijan welcomes ceasefire between Israel and Lebanon
14:40 OPEC+ to hold Dec 1 oil policy meeting online
14:25 Azerbaijani parliament adopts amendments to customs tariff law
13:44 Ursula von der Leyen: Europe must fight for its freedom
13:22 Putin: Russia ready for new large-scale projects with Kazakhstan
12:53 Azerbaijan, Lithuania agree to establish joint tax working group
12:44 Azerbaijan records growth in international cargo traffic by sea
12:26 Azerbaijani Culture Minister highlights Baku Process initiative at 10th UNAOC Global Forum in Portugal
12:05 Iran welcomes cease-fire between Israel and Lebanon
11:35 Azerbaijan, Lithuania set to establish working group for developing tax cooperation
11:23 Putin to host traditional informal CIS summit at end of year
11:05 Global oil prices see modest growth
10:53 Ceasefire deal between Israel and Hezbollah takes effect
10:30 Azerbaijani oil price rises in global markets
10:14 Terror suspect on FBI’s most wanted list arrested in north Wales
09:53 Australia launches 'landmark' bill to ban social media for children under 16
08:57 Biden says Israel, Lebanon have agreed to deal to end over year-long conflict
08:36 Armenia welcome to come back to CSTO when ready, 'door open', Kremlin aide says
21:49 The European Union Delegation organises European National Costumes Exhibition in Baku
20:48 COP29 conference in Tatarstan`s media spotlight
18:52 “SAT-SAS-2024” exercise of Azerbaijani and Turkish naval forces continues, Defense Ministry
18:23 Azerbaijan’s Central Election Commission holds meeting
17:32 Russia expels British diplomat over spying claims
17:22 Azerbaijani parliament projects 5.3% increase in revenue for 2025 budget
16:48 Preparations for Araz-2024 joint tactical exercise wrap up
16:42 Russia's Putin calls on CIS intelligence agencies to prevent instability
16:15 Azerbaijan, UAE ink memorandum on mine clearance cooperation
16:08 October 2024 becomes second-warmest month globally in last 50 years
15:31 Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation
15:17 Azerbaijan, Turkish Republic of Northern Cyprus sign memorandum on insurance
15:00 Many security personnel killed as violence erupts in Islamabad
14:41 Putin to conduct state visit to Kazakhstan
14:24 Georgian parliament speaker proposes December 14 for presidential elections
13:57 Israeli Cabinet set to vote on Lebanon cease-fire deal
13:49 EU to invest €1 billion in Ukraine's military industry
12:56 SOCAR, DeGolyer and MacNaughton discuss geothermal energy projects
12:10 G7 foreign ministers meet in Italy to discuss Middle East, Ukraine
11:47 UN partners with Azerbaijan to promote ASAN Service model across four continents
11:27 Magnitude 3.1 quake hits Azerbaijan’s Mingachevir district
11:08 Lebanese lawmaker says cease-fire deal with Israel close
11:01 Abu Dhabi hosts Global Food Week 2024
10:59 Oil prices jump in global markets
10:22 Latvian ambassador congratulates Azerbaijan on successful completion of COP29
10:14 30th anniversary of Azerbaijan's joining NATO's PfP program marked in Baku
09:51 Azerbaijani oil price drops in global markets
09:25 Trump vows day-one tariffs on Mexico, Canada and China
09:11 Fire breaks out in Japan during test of Epsilon S rocket engine
23:45 President Ilham Aliyev congratulates Trump on his reelection as US President
22:04 Air Arabia flying Moscow-Sharjah makes emergency landing in Azerbaijan
21:46 Embassies of Azerbaijan and Kazakhstan host official reception in Cambodia
21:45 Key outcomes of COP29 conference in Turkish media spotlight
20:03 COP29: Key outcomes of Baku-hosted conference in world media spotlight
19:55 Meeting with NATO delegation held in Baku, Defense Ministry
18:39 Azerbaijan's investment opportunities promoted in Izmir
17:43 Rescue operation launched after Red Sea tourist boat sinks
17:32 Azerbaijan, NATO explore cooperation prospects
17:15 Iran set to hold nuclear talks with European troika after IAEA resolution
16:59 UK expands sanctions against Russia
16:28 Ultranationalist candidate leading in 1st round of Romania's presidential election
16:14 UN calls on urgent measures to fight violence against women
16:01 Azerbaijani shooter claims silver in Walther Youth Cup Smederevo
15:53 Aircraft of Azerbaijan Air Force carry out training flights - VIDEO
15:24 Azerbaijan’s Minister of Culture to attend 10th UNAOC Global Forum in Portugal
15:08 China launches two new satellites
14:40 Azerbaijan discloses number of mines found in liberated territories over past week
14:27 Indonesia’s Mount Dukono erupts, ash plume reaches 3,000 meters
14:05 Azerbaijani economy's dependence on oil and gas sector down significantly - minister
13:42 Azerbaijani taekwondo fighters win two medals in Bosnia Open G1
13:40 Azerbaijani, Iranian special forces begin joint tactical exercise
13:36 Storm Bert causes widespread chaos across UK with floods, fatalities, power outages
13:18 Azerbaijan's social expenditures in 2024 projected to be 1.6 times higher than in 2021
12:55 Next couple of months ‘critical for Ukraine,’ says former Trump security adviser
12:37 President Ilham Aliyev: Level of friendship between Azerbaijan and Bosnia and Herzegovina is gratifying
12:36 President Ilham Aliyev congratulates President of Suriname
12:26 Turkish Cabinet to discuss war in Ukraine, Middle East situation
12:16 President Ilham Aliyev congratulates Chairman of Bosnia and Herzegovina Presidency

21:49 The European Union Delegation organises European National Costumes Exhibition in Baku 674
16:42 Russia's Putin calls on CIS intelligence agencies to prevent instability 625
16:48 Preparations for Araz-2024 joint tactical exercise wrap up 613
10:14 30th anniversary of Azerbaijan's joining NATO's PfP program marked in Baku 612
09:51 Azerbaijani oil price drops in global markets 610
13:57 Israeli Cabinet set to vote on Lebanon cease-fire deal 610
13:49 EU to invest €1 billion in Ukraine's military industry 604
16:08 October 2024 becomes second-warmest month globally in last 50 years 602
17:32 Russia expels British diplomat over spying claims 600
10:22 Latvian ambassador congratulates Azerbaijan on successful completion of COP29 598
14:24 Georgian parliament speaker proposes December 14 for presidential elections 596
11:08 Lebanese lawmaker says cease-fire deal with Israel close 594
11:01 Abu Dhabi hosts Global Food Week 2024 593
14:41 Putin to conduct state visit to Kazakhstan 587
18:52 “SAT-SAS-2024” exercise of Azerbaijani and Turkish naval forces continues, Defense Ministry 587

Tell me about Azerbaijan

10:28

2021/11/1635834059.jpg

Drive up high to the remote village of Khinalig – Azerbaijan| PHOTOS

Armenian Aggression

12:13

2021/08/1629188112.jpg

Glorification of Armenian terrorism in California - OPINION

15:49

2023/12/1702641119.jpg

2023 champions honored at FIA Prize Giving event in Baku - NO COMMENT

Azerbaijan in Focus

09:37

2021/10/1634017375.jpg

EURONEWS : Highly skilled art of copperware production lives on in Lahij| VIDEO

23:17

2021/10/1634066358.jpg

Armenia launches criminal case on Serzh Sargsyan's visit to Baden-Baden - CARTOON

19:30

516OIzDe1pL._BO_.jpg

Years of Blood: A History of the Armenian-Muslim Clashes - Audiobook

About us

If you have a story you think we might be interested to know about please email our news team at [email protected] or phone +994 125975052 and ask to be put through to AzVision.

Azvision.az ©2014 | All rights reserved