Sat, Dec 20, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Azerbaijan declined to place State Oil Fund’s assets in local banks

Posted on 22 October 2009

From Abc.az: The State Oil Fund of Azerbaijan (SOFAZ) does not consider the issue of placement of country’s currency reserves in local banks.

“In compliance with the SOFAZ rules all the finances it runs are placed in overseas banks. The matter of the beginning of placement in domestic banks is not under consideration,” Movsumov stated……………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031