SOFAZ offers 3 million USD to banks

SOFAZ offers 3 million USD to banks Banks bought 6% of auctioned funds
Finance
April 21, 2016 11:28

Baku. 21 April. REPORT.AZ/ Todayç the State Oil Fund of Azerbaijan (SOFAZ) has offered 50 million USD in the regular currency auction, held by the Central Bank of Azerbaijan Republic (CBAR).

Report informs citing the fund, 2,9 million USD (5,8%) of this funds have been sold to 8 commercial banks.

'During the year, currency sale will be continued by the SOFAZ through auctions', the fund said. 

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