oil fund

STATE OIL FUND OF THE REPUBLIC OF AZERBAIJAN

State Oil Fund of the Republic of Azerbaijan- Statement

13 Jan 2016 15:47:27

State Oil Fund of the Republic of Azerbaijan- Statement

13 Jan 2016 15:47:27

The State Oil Fund of the Republic of Azerbaijan continues sale of US dollars during the fiscal year. The first auction was carried out through regular auctions of the Central Bank of Azerbaijan. Thus, all of the banks in the country gained an opportunity to participate in the auction. USD 200 mln. was put up for auction and sold in a bid to 32 banks.

SOFAZ will continue the sale of US dollars through the auctions during the year.

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