SOFAZ publishes statistics on sale of its foreign currency
Baku, Azerbaijan, Oct. 2
By Mirsaid Ibrahimzade – Trend:
The State Oil Fund of Azerbaijan (SOFAZ) sold $618.95 million at foreign currency auctions in September 2019, 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 and $815.4 million in August.
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 last year.
The foreign currency is sold within SOFAZ’s transfers to the Azerbaijani state budget, which are envisaged to be in the amount of 11.6 billion manats in 2019.
(1 USD = 1.7 AZN on Oct. 2)