Meanwhile, CBA itself acquired $5 million at the auction.
SOFAZ was offering $50 million for sale through the auction.
SOFAZ will continue selling foreign currency through auctions in 2016.
The foreign currency is sold as part of SOFAZ`s transfers to the Azerbaijani state budget, which are envisaged to stand at 7.615 billion Azerbaijani manats in 2016.
SOFAZ was established in 1999 with assets of $271 million.
As of October 1, 2015, SOFAZ assets reduced by 6.38 percent compared to early 2015 ($37.1 billion) and were estimated at $34.74 billion.
Azerbaijani banks, central bank buy over $45M at auction
05 May 2016
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The State Oil Fund of Azerbaijan (SOFAZ) sold $40.8 million to seven banks through an auction held by the Central Bank of Azerbaijan (CBA), said SOFAZ in a message May 5.
