Azerbaijani oil fund places $1.1B deposit in Turkey’s central bank
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has placed a 1 billion euro ($1.1 billion) deposit account within the Central Bank of the Republic of Turkey (CBRT), Daily Sabah reported on Friday, citing Azerbaijan’s Trend news agency.
The deposit is for a period of six months, the report said.
"The investment of these funds in the Central Bank of Turkey was carried out within the investment strategy of SOFAZ," the fund said.
Previously speaking to Bloomberg HT, sources stated that a deposit account would be opened from Azerbaijan.
The central banks of Azerbaijan and Turkey were earlier this month reported to have been close to signing a 1 billion euro currency swap deal, but Chairperson of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov on Friday denied such claims.
“The CBA refutes the information spread by several media outlets about alleged negotiations on this matter,” Rustamov was cited as saying by Trend news agency.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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