Bank Of Baku

SOFAZ to increase gold reserves to 30 tonnes - PHOTO

SOFAZ to increase gold reserves to 30 tonnes - <span style="color: red;">PHOTO
# 06 September 2013 10:12 (UTC +04:00)

Movsumov says the Fund has purchased 25 tonnes of gold so far and 5 tonnes are expected to be purchased by the year-end.

 

Movsumov stated that gold investments are strategic in nature: “Gold price volatility does not bother the Fund, because this is a continuous process. Currently, there is a debate with the government to continue the purchase of gold”

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