In October 2023, the State Oil Fund (SOFAR) sold, with its participation, $ 202.6 million at currency auctions of the Central Bank of Azerbaijan (CBA).This is reported by the SOFAR.However, the last month the CBA also put up $ 89.2 million for currency auctions, following which monthly currency sales to banks reached $ 291.8 million.This is down by 9.4% from the same period of the last year.Note that in January-October this year, currency …
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Currency sales to Azerbaijani banks declined by 32%
In October 2023, the State Oil Fund (SOFAR) sold, with its participation, $ 202.6 million at currency auctions of the Central Bank of Azerbaijan (CBA).This is reported by the SOFAR.However, the last month the CBA also put up $ 89.2 million for currency auctions, following which monthly currency sales to banks reached $ 291.8 million.This is down by 9.4% from the same period of the last year.Note that in January-October this year, currency …