SOFAZ releases statistics on sale of its foreign currency
BAKU, Azerbaijan, Jan. 8
By Anastasia Savchenko - Trend:
The State Oil Fund of Azerbaijan (SOFAZ) sold $886.3 million at foreign currency auctions in December 2019, Trend reports Jan. 8 referring to SOFAZ.
SOFAZ sold $634.9 million in January 2019 at the currency auctions organized by Central Bank of Azerbaijan (CBA), having then sold $316.2 million in February, $600.5 million in March, $423.7 million in April, $352.4 million in May, $315.9 million in June, $434.9 million – in July, $815.4 million in August, $618.9 million in September, $654.8 million in October and $539.8 million in November.
In general, SOFAZ sold $5.9 billion at foreign exchange auctions from January through December 2019, which is 2.2 percent more than in the same period of last year.
The foreign currency is sold within SOFAZ’s transfers to the Azerbaijani state budget, which were envisaged at 11.6 billion manat ($6.8 billion) in 2019.
(1 USD = 1.7 AZN on Jan. 8)
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