| 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 Fund’s Executive Director Shahmar Movsumov said that the Fund’s 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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