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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Oil Fund sells only half of its application through Central Bank’s auction

Posted on 15 September 2016

The State Oil Fund (SOFAZ) and the Central Bank continue centralized sale of foreign currency to banks. SOFAZ reports that today the Central Bank (CBA) has held the next foreign exchange auction.
“At the auction SOFAZ, putting an application for $150 million, sold $78 million to 22 banks,” SOFAZ said. At the previous auction it was sold $200 million to 22 banks. The Fund will continue participation in currency auctions………………………………………..Full Article: Source


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