In January-September 2022, the value of the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $45.386 billion, 2.62% more than the same period in 2021, Report informs, citing the fund.
Currently, 70.8% of SOFAZ's investments are in US dollars, up 1.7 percentage points from a year ago.
The euro's share in the investment portfolio decreased by 0.5 percentage points from 19.5% to 19%, the British pound fell from 4.9% to 4.7%, the Australian dollar remained unchanged at 0.6%, the Turkish lira fell from 0.6% to 0.4%, the Russian ruble decreased from 0.7% to 0.4%, and the Chinese yuan dropped from 1.3% to 1.2%.
Also, in January-September 2022, SOFAZ changed the share of the Japanese yen from 1.4% to 1.1%, and the share of other foreign currencies from 1.9% to 1.8%.