Demand for US-dollar exceeded supply by 9 times at today's auction

Economic Department
Author

Baku. 28 July. REPORT.AZ/ The State Oil Fund of Azerbaijan Republic (SOFAZ) has held the next foreign currency auction. Report informs, at the auction, the demand for US-dollar exceeded an actual supply by 9 times.

So, as usually, the Fund put for sale 50 million USD. The demand of banks was 450 million USD. Thus, the auctioned amount was completely sold today.

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