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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Azerbaijan’s Oil Fund sold $34.3 million through Central Bank’s foreign exchange auction

Posted on 21 March 2016

The State Oil Fund of Azerbaijan (SOFAZ) has take part in today’s foreign exchange auction of the Central Bank as a seller. According to SOFAZ, today it applied for sale of $100 million and sold $34.3 million through the CBA auction.
“Two banks were among the buyers,” SOFAZ said. At the previous auction on 16 March the Fund sold $39.1 million to eight banks through auction. SOFAZ promises to continue currency sales through CBA auctions………………………………………..Full Article: Source


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