Only $234.7 million, or 55%, of the $427 million sold in currency auctions held by the Central Bank of Azerbaijan (CBA) in November 2023, belonged to the State Oil Fund of Azerbaijan (SOFAZ), XQ informs, citing SOFAZ.
In other words, the CBA had to auction a part of its foreign exchange reserves ($192.3 million) last month. However, during the month, the Bank's foreign exchange reserves increased by $107.8 million, or 1%, to $10,615.9 million from $10,508.1 million.
