SOFAZ Sells Banks $ 50 Million

On August 25 the State Oil Fund of Azerbaijan (SOFAZ) sold $50 million at the Central Bank’s auction, SOFAZ reported. The US currency was sold to 28 banks. But the message does not report the real demand for the currency.

Recall that on 18 August there was record demand for the US currency - $ 700 million. ---73D.

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