Today the State Oil Fund of Azerbaijan (SOFAZ) through an auction organized by the Central Bank of Azerbaijan sold $ 45.8 million.
According to SOFAZ, it has recently exposed not $ 100 million, as before, but half the amount.
The auction was attended by 7 banks, including the Central Bank itself, which bought $ 5 million. Other banks purchased $ 40.8 million. In general, in April, SOFAZ sold about $ 350 million.
According to the Fund management, the sale of foreign currency will continue during 2016. 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 early 2015). --17D-
Economics
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