12:36 - 5.08.2022

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August 5, Fineko/abc.az. The State Oil Fund (SOFAZ) extended this January the term of the 1 bn euro deposit placed in the Central Bank of Turkey (TMB) for 6 months, by 5 months (until the end of this year), ABC.AZ reports with reference to SOFAZ.

"This deposit was gradually placed in TMB within the SOFAZ's investment strategy and rules. When making those investments, a decision was made about positive contribution to financial stability in Turkey, as well as to extend the deposit period taking into account the current market conditions," according to SOFAZ.