SOFAZ demonstrates sharp increase in amount of term deposits 

Kanan Sadigov
Author

As of January 1, 2023, the term deposits of the State Oil Fund of Azerbaijan (SOFAZ) stood at 1,820.089 million manats ($1.07 billion), up 156.1 times from a year earlier, Report informs, citing the Fund.

The term deposits accounted for 2.2% of SOFAZ’s total assets.

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