| The State Oil Fund (SOFAZ) and the Central Bank obtained shortage of banks’ money for purchase of currency offered by the State Oil Fund. SOFAZ reports that the Central Bank (CBA) has held the next foreign exchange auction.
"At the auction SOFAZ suggested $50 million, but the overall demand from the 28 banks was sufficient only for purchase of $49.4 million," SOFAZ said. At the previous auction it was sold $49.1 million to 29 banks with the order for sale of $50 million...............................................Full Article: Source |