SOFAZ sold $6 billion worth of foreign currency in 10 months
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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As of the end of September 2024, 38.600 people worked in the financial sector of Azerbaijan.This is reported by the State Statistics Committee.
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As of the end of 2023, 'AzerGold's deposits in local banks (engaged in mining, processing and sale of metal) totalled $33.45 million. This is reported in the annual financial report of the company.
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In January-November 2024, tax revenues in Azerbaijan totalled AZN 14,993 million.This was reported by the State Tax Service under the Ministry of Economy.
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In January-September 2024, remittances to Azerbaijan from abroad ( except for operations of capital nature) totalled $848.5 million. This was reported by the Central Bank of Azerbaijan.
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