Bank Of Baku

SOFAZ must save at least $ 100 mln in cash

SOFAZ must save at least $ 100 mln in cash
# 29 December 2010 11:53 (UTC +04:00)
These demands cover liquidity of fund’s allocations, currency composition of investment portfolio, management of risks, as well as management of foreign managers. These demands have been reflected in “Investment policy” in State Oil Fund’s budget envelope for next year confirmed by the President.

According to those demands, liquidity percent of Fund’s allocations must be enough for providence of implementation of planned money transfer on State Oil Fund’s budget expenditures in time.
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