As of January 1, 2023, the investment portfolio of the State Oil Fund of Azerbaijan (SOFAZ) stood at 49,033.56 million, up 8.9% from the previous year, Report informs.
The US dollar accounts for 68.6% of the Fund's investments, 0.4 percentage points less than a year ago. In the reporting period, the share of the euro in the investment portfolio fell from 20.4% to 19.5%, the British pound dropped from 5.2% to 5.1%, the Australian dollar and the Turkish lira remained unchanged at 0.6% and 0.4%, respectively, the Russian ruble declined from 0.6% to 0.3%, the Chinese yuan slipped from 1.3% to 1.1%, the Japanese yen dropped from 1.4% to 1.3%, and other foreign currencies were left unchanged at 2.1%.