SOFAZ fails to sell $72mln on market

SOFAZ fails to sell $72mln on market

The State Oil Fund of Azerbaijan (SOFAZ) has sold $78 million to 22 local banks on foreign exchange market today, fully meeting demand, the fund said.

It had offered $150 million at the Wednesday auction. SOFAZ sold $200 million at the previous auction last Thursday when demand reached $402.56 million, Reuters reports.

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