Bank Of Baku

SOFAZ suspends gold sales

SOFAZ suspends gold sales
# 23 July 2026 13:14 (UTC +04:00)

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) suspended gold sales in the second quarter of this year, the Fund said, APA-Economics reports.

According to SOFAZ, its gold reserves stood at 178.1 tonnes.

It should be noted that as of July 1 this year, gold accounted for 31.4% of SOFAZ's investment portfolio, down 4.2 percentage points compared to April 1.

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