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SOFAZ sells $793M at currency auctions in Q1


Central Bank of Azerbaijan held 24 currency auctions on organization of currency sales of the State Oil Fund of Azerbaijan (SOFAZ), said the Central Bank’s Monetary Policy Review for January-March 2017.  

 

In three months of 2017, SOFAZ sold $793.1 million at currency auctions, down 36.7% from previous year.

 

Moreover, currency operations out of auctions amounted to $102.5 million in a segment of the interbank currency market organized in Bloomberg platform.  

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