17:08 - 3.11.2017

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The State Oil Fund of Azerbaijan (SOFAZ) keeps transparency of its sales of foreign currency in the local market.

SOFAZ reports that foreign exchange currency for $318 million were sold at currency auctions in October.

The Fund sold $252.2 million in September, $292.6 million in August, $253.2 million in July, $373.2 million in June, $300.3 million in May, $220.8 million in April, $250 million in March, $258.4 million in February and $285 million in January of 2017.

Starting from this year SOFAZ’s finances have been present in the foreign exchange market and indirectly – within the framework of transfers from the SOFAZ budget to the Central Bank for maintenance of financial stability.