| The State Oil Fund of Azerbaijan (SOFAZ) has appeared today at the foreign exchange auction of the Central Bank as a seller. According to SOFAZ, today it has applied for sale of $50 million and sold $47.8 million through the auction.
"12 commercial banks ($27.8 million) and the Central Bank ($20 million) became the buyers,” the Fund said. At the previous auction on 5 May the Fund sold $45.8 million to the eight banks, including IBA, through auction. The Fund promises to continue selling currency through CBA auctions...............................................Full Article: Source
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