SOFAZ Sells Banks $ 50 Million

. The State Oil Fund of Azerbaijan (SOFAZ) on Thursday sold $ 50 million at an auction, according to SOFAZ.

According to Turan, the currency was sold to 28 banks.

Despite the fact that the report does not specify the actual demand for foreign currency, the banking circles say that every time the demand exceeds the supply by 10-12 times.

Note that since the end of last week, most commercial banks have stopped the sale of foreign currency, and some banks have introduced a hard limit of 100 dollars / euro in one hand. -74D-

Leave a review

Economics

Follow us on social networks

News Line