SOFAZ sells $50 million to 24 banks

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.