SOFAZ continues to increase share of US dollar in its investment portfolio

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# 15:40
3 May 2021

As of March 31, 2021, 68,6% of the investment portfolio of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was US dollars and this is 2,6 percentage points more than compared to March 31, 2020, APA-Economics reports citing results of  Oil Fund for the first quarter of 2021

To March 31, 2021, the euro accounts for 19,7% of SOFAZ's investment portfolio, the pound sterling for 5.2%, the Australian dollar for 0.6%, the Turkish lira for 0.6%, and the Russian ruble for 0.6%. Chinese yuan - 1.3%, Japan yen - 1.5%, and other currencies - 1.9%.

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