In 2nd quarter revenues of State Oil Fund of Azerbaijan drop by $47.4 million from assets placement
Baku, Fineko/abc.az. The Central Bank of Azerbaijan (CBA), running statistics of payment balance, reports that over the second quarter of 2010 revenues of the State Oil Fund of Azerbaijan (SOFAZ) fell by $47.4 million versus the index for the first quarter from placement of assets abroad.
CBA informs that as of 1 July 2010 SOFAZ received $14.8 million against $62.2 million on 1 April as an earning from placement while the CBA itself earned only $8.7 million versus $5.9 million. For the reported term earnings of second level of banks from assets placement abroad amounted to only $2.2 million against $1.9 million.
As a whole, for the first quarter Azerbaijan received $130 million versus $102.6 million of income from abroad.
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