Azerbaijan State Oil Fund’s foreign exchange sales jump by 1.2 times

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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) sold foreign currency worth USD 417.0 million at January’s currency auctions, which is 121.8 percent more than the same period in 2023, according to the Fund.

In January 2023, the foreign exchange sales of SOFAZ amounted to USD 188.5 million.

Economy