403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Azerbaijan's SOFAZ Names Volume Of Foreign Currency Sales For June 2022
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 2. State Oil Fund of Azerbaijan (SOFAZ) sold $278.1 million at foreign exchange auctions in June 2022, Trend reports via SOFAZ.
SOFAZ was established in 1999 and at that time its assets amounted to $271 million.
According to SOFAZ regulation, its funds can be used for the construction and reconstruction of strategically important infrastructure facilities, and also for solving important national problems.
The main goals of SOFAZ are: the accumulation of funds and the placement of its assets abroad to minimize the negative impact on the economy, the accumulation of funds for future generations, and the maintenance of current socio-economic processes in Azerbaijan.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment