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.
More about: SOFAZ
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
