In January-October 2024, the State Oil Fund (SOFAZ) sold foreign currency worth $5,919.4 million. This was reported by the Fund.
According to the data, this is up by 2.6 times from the same period of 2023.
Just in October, sales of foreign currency of the SOFAZ amounted to $ 174.4 million. This is down by 13.9% from a year earlier.
Finance
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On November 19, Finance Minister Samir Sharifov stated in the Milli Majlis (National Assembly) that fines issued to citizens in Azerbaijan sometimes do not reach the state budget. According to him, a new software system has been developed to address this issue and ensure proper oversight of fine payments.
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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