SOFAZ quintuples term deposits 

Kanan Sadigov
Author

As of January 1, 2022, the time deposits of the State Oil Fund of Azerbaijan (SOFAZ) stood at 11.66 million manats ($6.86 million), up fivefold from a year earlier, Report informs, citing the Fund.

The Fund ended 2021 with 1,556,203,000 manats ($0.92 billion) in net profit.

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