SOFAZ reduces currency sales through auctions by over 10%

Kanan Sadigov
Author

From January through September this year, the State Oil Fund of Azerbaijan (SOFAZ) sold $3,857 million worth of currency, down 10,4% from last year, Report informs.

This month alone, the amount of currency sold by SOFAZ made up $465.3 million, down 17% from September 2021.

Other News

Fitch: CBA to maintain cautious monetary policy 20 February, 2026 / 13:42
IMF expects investment growth in Azerbaijan's economy 20 February, 2026 / 13:22
IMF sees Azerbaijan's public debt at 20.7% of GDP in 2026 20 February, 2026 / 12:24
IMF: Azerbaijan banks remain profitable despite slower lending 20 February, 2026 / 11:17
IMF forecast for Azerbaijan's GDP aligns with 2026 government outlook 20 February, 2026 / 10:51
IMF forecasts Azerbaijan reserves at $85B in 2026 20 February, 2026 / 10:33
IMF: Azerbaijan's economic growth to stabilize at around 2.5% in medium term 20 February, 2026 / 10:16
CBA currency exchange rates (20.02.2026) 20 February, 2026 / 09:46
Key indicators of world commodity, stock, and currency markets (20.02.2026) 20 February, 2026 / 09:02
IMF recommends that Azerbaijan closely monitor inflation risks 19 February, 2026 / 20:21
CBA currency exchange rates (19.02.2026) 19 February, 2026 / 10:34
Key indicators of world commodity, stock, and currency markets (19.02.2026) 19 February, 2026 / 09:21
Azerbaijan approves new loan agreements with int'l organizations worth $235M 19 February, 2026 / 08:50
Baku to host International Finance & Banking Summit 18 February, 2026 / 14:49
EBRD assesses fiscal reforms in Azerbaijan 18 February, 2026 / 12:51
ADB discusses project on e‑commerce taxation in Azerbaijan 18 February, 2026 / 12:41
CBA currency exchange rates (18.02.2026) 18 February, 2026 / 09:31
Key indicators of world commodity, stock, and currency markets (18.02.2026) 18 February, 2026 / 09:05
Azerbaijan, UK mull development of carbon markets 17 February, 2026 / 16:29
Azerbaijan discusses prospects for cooperation with IMF 17 February, 2026 / 16:15