SOFAZ increases sale of foreign currency to Azerbaijani banks

15:21 | 03.09.2019
The State Oil Fund of Azerbaijan (SOFAZ) sold $815.4 million at currency auctions in August 2019, which is almost twofold more compared to the previous month, when $434.9 million were sold, Trend reports referring to SOFAZ.

SOFAZ sold $634.9 million in January 2019 at the currency auctions organized by the CBA, having then sold 316.2 million in February, $600.5 million in March, and $423.7 million in April, $352.4 million in May, $315.9 million in June, $434.9 million – in July.

In general, SOFAZ sold $3.893 billion at foreign exchange auctions in January-August 2019, which is 8.3 percent less than in the same period of l