SOFAZ lost 730 mln USD in two months - MONITORING

Finance

02 December, 2015
12:13

SOFAZ lost 730 mln USD in two months - MONITORING

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Baku. 2 December. REPORT.AZ/ Assets of the State Oil Fund of Azerbaijan (SOFAZ), which amounted to 34.738 bln USD as of October 1, 2015, depreciated to 729 mln USD, or by 2.1% in October-November.

Analythical Group of Report News Agency notes that over the past two months, most of the fund's assets declined in the euro amounting approximately 680 mln USD.

The second most impaired asset is gold, by which losses in dollar terms amounted to 47.5 mln USD.

For two months Turkish liras increased (14 mln USD).

The dynamics of the market value of the assets of SOFAZ (October-November)

Type of asset	Course, in dollars(01.10.2015)	Course, in dollars(01.12.2015)	Volume.mln.c.u. (01.10. 2015)	Profit / Loss (mln. USD)
EUR	1,1180	1,0565	11 026,6	- 678,136
GBP	1,1530	1,5050	1 134,6	- 9,077
AUD	0,7020	0,7230	259,6	5,452
TRY	0,3305	0,3435	1 077,1	14,002
RUB	0,0153	0,0151	31 852,6	- 6,370
KRW	0,00086	0,00088	487 388,5	8,747
CNY	0,1574	0,1563	3 037,2	- 3,341
JPY	0,0083	0,0081	63 953,8	- 12,791
Gold (ons)	1 115	1 0660	970 146	- 47,537
Total:	-	-	-	- 729,051