Baku 20° C
Azerbaijan State Oil Fund had a loss of $90 mln today
Finance
- 24 June, 2016
- 09:38
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 24 June. REPORT.AZ/ The State Oil Fund of Azerbaijan Republic (SOFAZ) has lost $86 million as a result of depreciation of the UK pound due to Brexit.
Report informs, according to the result of the first quarter of 2016, the Fund's portfolio at the 150.7 million GBP equivalent had a loss from the previous day rate (June 23) to June 24, at 12.am. 86 million USD.
According to these results, 4.9% of the Fund's assets places in GBP.
"Report" experts predict that GBP decline will continue and the loss of the fund will increase.
Author
Azərbaycan Dövlət Neft Fondu bu gün 90 mln. dollar itirib
Госнефтефонд сегодня потерял 90 млн. долларов
Latest News
00:01
Earthquake destroys cathedral tower in Panama
Other countries23:35
US temporarily lifts sanctions on Russian diesel fuel exports
Other countries23:24
Turkish Foreign Minister meets with Hamas delegation in Ankara
Region23:07
Trump says he reached deal with Putin on Russian diesel fuel supplies
Other countries22:53
Iran expands attacks on tankers beyond Strait of Hormuz
Region22:41
Scandal involving former German intelligence chief raises concerns in Poland, UK
Other countries22:14
EU praises Azerbaijan's humanitarian assistance to Ukraine
Other countries22:06
Azerbaijan and Kyrgyzstan discuss cooperation in mini-football
Football21:46