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SOFAZ places €1 billion deposit with Central Bank of Turkey

Economy Materials 28 January 2022 17:17
SOFAZ places €1 billion deposit with Central Bank of Turkey

BAKU, Azerbaijan, Jan. 28

By Sadraddin Aghjayev – Trend:

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has placed a deposit in the amount of one billion euros for a period of six months with the Central Bank of Turkey, SOFAZ told Trend.

According to the report, these investments will make a positive contribution to Turkey's financial stability.

"The investment of these funds in the Central Bank of Turkey was carried out within the investment strategy of SOFAZ," the fund said.

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