Bank Of Baku

SOFAR increases gold reserves

SOFAR increases gold reserves
# 29 August 2013 10:59 (UTC +04:00)

Public relations department of the Fund told APA-Economics12,007 kg (386,018 ounce) of the purchased gold has already been brought to Azerbaijan. The Fund purchases gold by parts and this process will be realized within two years.

 

According to strategy of SOFAR, 5% of investment portfolio may be directed to gold purchase. 

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