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Demand exceeded supply for 12 times

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Demand of the commercial banks for US-dollars has exceeded actual supply about for 12 times at today's currency auction ofthe State Oil Fundof Azerbaijan Republic (SOFAZ), it was told at the banking circles.

According to the information, the banks intended to buy over 600 mln USD at the auction. As a result, 50 mln USD, auctioned by SOFAZ, have been sold to 27 banks in full.

Date
2016.08.16 / 16:59
Author
Axar.az
See also

Oil prices fall in global market

Gold hits a new record above $3,744 per ounce

US Federal Reserve cuts discount rate to 4–4.25%

Global oil prices continue to rise

Azerbaijan resumes crude oil exports to India

Oil prices keep climbing on world markets

Global oil prices rise again

Global oil prices decline

Oil prices continue to climb in global markets

Oil prices keep rising in global markets

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