24.07.2012 - State Oil Fund of Azerbaijan started investments in Turkish liras and Australian dollar in July
In the first half of the year investment portfolio of State Oil Fund of Azerbaijan (SOFAZ) has been brought to $32.59 bn. A the press conference in Baku the Fundís Executive Director Shahmar Movsumov said that the Fundís investment portfolio is mostly formed at the expense of American dollar ( for $18.575 bn). " The portfolio also has 9.601 bn euro, 1.016 bn British pounds, and 220.146 ounces of gold ",- Sh. Movsumov said. The Fund also started investments in other currencies...............................................Full Article: Source
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