Baku. 12 August. REPORT.AZ/ State Oil Fund of Azerbaijan (SOFAZ), lost 8 million dollars again today due to the continuation of devaluation of China's national currency.
Report informs on August 12, devaluation of the yuan at 1.62% occurred at Central Bank of China. After this decision SOFAZ's investments in bonds in China in the amount of 500 million dollars depreciated by 8 million manats.
In view of yesterday's devaluation, losses of SOFAZ over the last two days totaled about 18 million manats.