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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

SOFAZ plans Russian ruble purchase

Posted on 21 September 2012

The State Oil Fund of Azerbaijan (SOFAZ) will purchase Russian rubles until the end of the year, the executive director of SOFAZ Shakhmar Movsumov reported to the journalists on Wednesday.
To minimize risks, negotiations are being carried out with a number of Russian banks. Specific information on the purchase will be given upon reaching agreement. Movsumov said that the Fund already purchased an undisclosed amount of Australian dollars and Turkish liras………………………………………..Full Article: Source


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