Since 2017 SOFAZ Sold Nearly $1 Billion to Azerbaijani Banks

Posted on 08/03/2017


In July 2017, the State Oil Fund of Azerbaijan (SOFAZ) sold US$ 253.2 million at currency auctions. During the first seven months of 2017, SOFAZ had sold more than US$ 1.94 billion at currency auctions. SOFAZ will continue these activities throughout 2017. The currency is being sold is part of SOFAZ’s transfers to the Azerbaijan […]