Baku / 02.10.17 / Turan: The State Oil Fund of Azerbaijan (SOFAZ) sold 252.2 million US dollars at currency auctions of the Central Bank in September, SOFAZ said.
In comparison with August, SOFAZ sold 13.7% less currency.
For the first nine months of 2017, SOFAZ sold currency totaling 2 billion 486.02 million USD at auctions, which is 36.5% less, compared to the same period last year.
In September 2017, the national currency strengthened against the US dollar from 1.7010 manat to 1.7002 manat. -71D-
Finance
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From 15 January the State Oil Company (SOCAR) will issue ‘Green Bonds’.This is reported by SOCAR.
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On January 10, President Ilham Aliyev signed an order to dismiss Finance Minister Samir Sharifov. He had held this position since 2006.
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The Central Bank of Azerbaijan (CBA) has changed the ‘Procedure for purchase and sale of foreign currency between the Central Bank and banks’, which it approved on 15 November 2022.
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In 2024, the economic growth in Azerbaijan made up 4.6%; it is expected that in 2025-2026 this index will make up an average of 3%.This is stated in the UN report ‘World economic situation and prospects 2025’.
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