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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Azerbaijan’s Oil Fund sold $50 million more through Central Bank’s auction

Posted on 17 June 2016

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 them.
“24 banks became the buyers,” the Fund said. At the previous auction the Fund sold $50 million to 26 banks, including the Central Bank. The Fund promises to continue selling currency through CBA auctions………………………………………..Full Article: Source


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