ECONOMY


SOFAZ sells $50 million to 24 banks

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Baku, March 9, AZERTAC

The State Oil Fund of Azerbaijan (SOFAZ) has taken part in today’s foreign exchange auction of the Central Bank as a seller.

SOFAZ said it has sold $50 million through the auction today.

"24 banks were among the buyers," the Fund said.

At the previous auction on 7 March SOFAZ sold $49.7 million to 29 banks through auction. The Fund promises to continue selling foreign currency through the CBA auctions.

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