Baku 21° C
SOFAZ puts up for sale 50 million USD
Finance
- 12 May, 2016
- 07:04
Baku. 12 May. REPORT.AZ/ Today, the State Oil Fund of Azerbaijan Republic (SOFAZ) will put up for sale in the foreign exchange auction 50 million USD.
Report informs, on May 10, at the currency auction 27.8 million USD of SOFAZ's total 50 mln. amount was sold to 12 commercial banks, 20 million USD to the Central Bank of Azerbaijan (CBA). The total amount of sales amounted to 47.8 million USD. At the end of the auction, 95.6% of the amount has been sold.
Analytical Group of Report News Agency predicts that the Central Bank will continue manat intervention at today's auction.
Author
Latest News
20:03
Video
Aliyev treats Pezeshkian to Istisu mineral water in Bishkek
Foreign policy19:51
Pezeshkian thanks Aliyev for support amid Iran's difficult situation
Foreign policy19:44
Video
Hikmat Hajiyev wishes success to Azerbaijani athletes at World Nomad Games
Foreign policy19:39
Aliyev: Azerbaijan favors peaceful resolution of situation concerning Iran
Foreign policy19:21
Photo
Presidents of Azerbaijan, Türkiye, Uzbekistan, and Iran meet in Bishkek
Foreign policy19:15
Photo
President Ilham Aliyev and First Lady Mehriban Aliyeva attend opening ceremony of 6th World Nomad Games in Bishkek
Foreign policy19:10
Serbian parliament passes law to mitigate impact of energy crisis and rising cost of living
Other countries18:54
EU naval forces board suspected shadow fleet oil tanker in Mediterranean
Other countries18:32