Axar.az
UP
14 November 2018


SOFAZ will put up for sale 50 mln

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Sale of currency will be carried out again in today's currency auction of the Central Bank of Azerbaijan (CBA).

The auction plans to sell assets of the State Oil Fund (SOFAZ) in the amount of 50 mln. USD.

Analytical Group of Report News Agency states that demand may reduce at today's auction. In this case, the rate may drop to 1,5178 AZN/USD. The maximum rate is forecasted at the level of 1,5258 AZN/ SD.

Increased sales in the cash market may lead to a decrease in the sales rate.

Experts point out that in general there is a tendency to reduce the rate of purchase and sale of cash dollar amid rising oil prices and by the summer the dollar is projected to increase in supply, which will reduce the rate to 1,40-1,45 AZN/USD.

Date
2016.04.15 / 12:14
Author
Axar.az
Comments
See also

Wall Street set to rebound after technology-led selloff

Average monthly salary grows by 3% in Azerbaijan

Turkish-Russian trade in local currencies ‘necessary’

OPEC crude output up in October

Baku to host Azerbaijan-South Korea business meeting

Azerbaijani currency rates for today

Azerbaijani oil prices up

Number of Azerbaijani gas operator’s subscribers increase

Oman to support reduction in oil output by 1 million barrels

V.Alakbarov: "Lukoil to discuss early oil production"

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla