Central Bank Buys 35 Million USD at Its Own Auction

. Today the State Oil Fund of Azerbaijan (SOFAZ) through an auction organized by the Central Bank of Azerbaijan sold $ 44.8 million. According to SOFAZ, in April it exposed not $ 100 million as before, but half the amount..

The last auction was attended by 8 banks, including the Central Bank itself, which bought $ 35 million. In general, in May, SOFAZ has sold about $ 190 million.

According to the Fund management, the sale of foreign currency will continue during 2016. Implementation of foreign currency sale by the Fund is carried out in the framework of transfers to the state budget, for which 7 billion 615 million AZN has been allocated this year. By January 1, SOFAZ assets amounted to $ 33.57 billion (minus 9.5% to the beginning of 2015). --17D-

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