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SOFAZ Executive Director: Planned transfer to Central Bank won’t be carried out completely

State Oil Fund of Azerbaijan has transferred AZN 2,279,000,000 to the Central Bank of Azerbaijan for ensuring of macroeconomic stability, SOFAZ Executive Director Shahmar Movsumov said at the press conference.

According to him, SOFAZ is planned to transfer AZN 7.5 billion to Central Bank this year: “However, according to our calculations and forecasts, the funds will not be transferred completely”.

 

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