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Sovereign Wealth Funds Briefing - Categorized | Financials, Reserve Currencies

Azeri state fund Sofaz sells $78 mln on market

Posted on 15 September 2016

Azerbaijan’s state oil fund Sofaz has sold $78 million on foreign exchange market on Wednesday, fully meeting demand, the fund said.
It had offered $150 million at the Wednesday auction. Sofaz sold $200 million at the previous auction last Thursday when demand reached $402.56 million. On Friday, Azeri central bank raised its main interest rate to 15 percent from 9.5 percent………………………………………..Full Article: Source


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