Sun, May 22, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Azerbaijani banks buy $50M from State Oil Fund

Posted on 08 March 2016

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) sold $49.7 million to 28 local banks through the auction held by Azerbaijan’s Central Bank (CBA) March 7, SOFAZ said March 7. SOFAZ offered $50 million for sale through the auction.
Thus, SOFAZ will continue selling foreign currency through auctions in 2016. The foreign currency is sold as part of SOFAZ’s transfers to the Azerbaijani state budget, which are envisaged to stand at 7.615 billion Azerbaijani manats in 2016. SOFAZ was established in 1999 with assets of $271 million………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2022
M T W T F S S
« Nov    
 1
2345678
9101112131415
16171819202122
23242526272829
3031