SOFAZ placed 1 bln. euro deposits in Turkish Central bank

SOFAZ placed 1 bln. euro deposits in Turkish Central bank
# 28 January 2022 17:01 (UTC +04:00)

In January of this year, the State Oil Fund of Azerbaijan (SOFAZ) placed gradually deposit that amounted to 1 bln. euros and with payback period of 6 months in the Central Bank of Turkey, the Fund told APA-Economics.

This investment positively contributing to the stability of finance in Turkey, has been carried out within investment strategy and rules of the SOFAZ and completed on January 27, 2022.

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