Azerbaijan recalled ‘debt’ to Turkey 3 years ago

The State Oil Fund (SOFAZ) has withdrawn the €1 billion deposit placed in the Central Bank of Turkey in January 2022 and allocated it to fixed income securities. According to local press reports, Israfil Mammadov, SOFAZ executive director stated. ‘This deposit was initially placed for a period of 6 months and extended several times. Last year, the parties decided to gradually withdraw the deposit. This decision was adopted both a...

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