Rovshan Agayev: ‘The main buyer of dollars sold by SOFAZ is the state itself’

The main reason for the sharp - 2.6 times as compared to the same period of 2023 - rise in foreign currency sold by the State Oil Fund (SOFAZ) in January-October 2024 is the needs of the state. Expert economist Rovshan Agaev said. ‘First of all, transfers from the SOFAZ to the state budget have grown nearly 3 times over the past year. If for 9 months of the last year the Fund transferred 2 billion dollars to the budget, for 9 months of t...

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