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Oil Fund increases sale of foreign currency by 47%
Finance
- 04 August, 2020
- 08:40
The State Oil Fund of Azerbaijan (SOFAZ) sold currency worth $4,525,700,000 in January-July this year.
According to the Fund, this is 47% more than in the same period last year.
In July alone, SOFAZ's currency sales amounted to $515.5 million. It is 18.5% more than in July the previous year.
Notably, in the first seven months of 2019, the Fund sold $3 billion 78.5 million.
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