Baku / 02.10.17 / Turan: The State Oil Fund of Azerbaijan (SOFAZ) sold 252.2 million US dollars at currency auctions of the Central Bank in September, SOFAZ said.
In comparison with August, SOFAZ sold 13.7% less currency.
For the first nine months of 2017, SOFAZ sold currency totaling 2 billion 486.02 million USD at auctions, which is 36.5% less, compared to the same period last year.
In September 2017, the national currency strengthened against the US dollar from 1.7010 manat to 1.7002 manat. -71D-
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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