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    SOFAZ put up for sale 50 mln USD today

    It is expected that, CBA will continue manat intervention

    Baku. 5 May. REPORT.AZ/ Sale of currency carried out again in today's currency auction of the Central Bank of Azerbaijan (CBA). Report informs, the auction sold assets of the State Oil Fund (SOFAZ) in the amount of 50 mln USD.

    On May 3, SOFAZ sold 5.6 mln USD out of 50 mln to 7 commercial banks, 40 mln USD to Central Bank of Azerbaijan (CBA).

    At the end of the auction 91.2% of the money supply was sold.

    Analytical group of Report predicts that the CBA will continue manat intervention.

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