SOFAZ increases funds in CBA by 57%

As of January 1, 2021, the funds of the State Oil Fund of Azerbaijan (SOFAZ) in the Central Bank of Azerbaijan (CBA) stood at AZN 1,531,561,000, 57.6% higher than a year earlier.

The Fund placed AZN 116,000 in the International Bank of Azerbaijan (IBAR) in the reporting period, up 63.4% from a year earlier.