SOFAZ sells 48 mln USD at today's auction

Finance
  • 19 May, 2016
  • 09:08
SOFAZ sells 48 mln USD at today's auction

Baku. 19 May. REPORT.AZ/ Today, the State Oil Fund of Azerbaijan Republic (SOFAZ) has auctioned 50 mln. USD.

Report informs, 41,4 million USD of this amount sold to 7 commercial banks, 7 million USD to the Central Bank of Azerbaijan. As a result, 48,4 million USD (89,6%) of the auctioned currency mass have been sold.

During the year, SOFAZ will continue sale of foreign currency through auctions. 

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