SOFAZ gold assets estimated at $1.1 bn
Baku, Fineko/abc.az. Physical gold amounts already 3.2% of currency assets of the State Oil Fund of Azerbaijan (SOFAZ).
The Fund informs that as of 1 October its investment portfolio was $35.5 bn or 99.3% of currency assets ($35.809 bn).
At that, the basis of portfolio consists of investments in American currency - $17.05 bn or 48%. Investments in single European currency were a little behind – 40.1% of assets or €10.55 bn. Investments in British pounds were formed by 5.1% of assets or £1.146 bn.
The Russian rouble (RUB) was leading among new currencies for SOFAZ currency basket – 1.8% of assets or RUB 20.1 bn, then comes Turkish lira - TRY 879.6 million or 1.2% of assets, and Australian dollar closed Top 3 – AUD 206.9 million or 0.5%. The Fund kept 0.7% of its assets or $265.9 million in Azerbaijani manats.
Physical gold, acquired in the volume of 850,146 troy ounces (26.44 tons) was estimated by the reported date at $1.1 bn or 3.2% of SOFAZ assets.
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