Azerbaijani State Oil Fund sells 177,5 mln USD to banks

Gunel Abbasova
Author

Baku. 22 February. REPORT.AZ/ Today, the State Oil Fund of Azerbaijan Republic (SOFAZ) put up for sale of 200 million USD through auctions of CentralBank of Azerbaijan Republic (CBAR).

Report was told at SOFAZ, as a result, funds in the amount of 177,45 million USD (nearly 89%) of means auctioned by the fund was sold to 13 banks.

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

Other News

Budget revenues in Azerbaijan from state property privatization up 10.7% 15 October, 2026 / 12:28
Azerbaijan's banking sector capital position shows mixed trends 15 October, 2026 / 12:24
Azerbaijan to reform market for introduction of Islamic finance 15 October, 2026 / 12:22
Azerbaijan's financial sector grows 7% in 1H2026 15 October, 2026 / 11:59
CBA currency exchange rates (15.10.2026) 15 October, 2026 / 09:20
Key indicators of world commodity, stock, and currency markets (15.10.2026) 15 October, 2026 / 09:03
Gold prices fall sharply as stronger US inflation boosts dollar 14 October, 2026 / 23:30
Davr Bank renamed ABB Davr Bank as management is restructured 14 October, 2026 / 21:56
Azerbaijani delegation attends IMF, World Bank Annual Meetings in Bangkok 14 October, 2026 / 19:55
Kazakhstan's new IMF contribution to benefit Azerbaijan 14 October, 2026 / 18:11
Azerbaijan, Chile discuss cooperation in financial markets 14 October, 2026 / 16:28
IMF provides strategic planning recommendations to Azerbaijan's Central Bank 14 October, 2026 / 15:54
Azerbaijani delegation participates in annual meetings of WB/IMF in Bangkok 14 October, 2026 / 10:15
CBA currency exchange rates (14.10.2026) 14 October, 2026 / 09:20
Key indicators of world commodity, stock, and currency markets (14.10.2026) 14 October, 2026 / 09:08
Average monthly salary in Nakhchivan rises 6.1% 13 October, 2026 / 16:22
Fitch: High returns on equity drive CIS+ banks to make acquisitions abroad 13 October, 2026 / 16:19
Azerbaijan preparing amendments to legislation on crypto assets 13 October, 2026 / 15:41
Central banks of Azerbaijan and Uzbekistan discuss prospects for further cooperation 13 October, 2026 / 15:19
GDP of Azerbaijan's Nakhchivan up 3.5% in Jan-Sept 2026 13 October, 2026 / 15:09