Since early 2018, the Azerbaijani banks bought around $2.1 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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SOFAZ sells over $2B to Azerbaijani banks
02 May 2018
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The State Oil Fund of Azerbaijan (SOFAZ) sold $802.6 million at the currency auctions organized by the country’s Central Bank (CBA) in April 2018, SOFAZ said May 2.
