Central Bank of Turkey pays interest worth 10 million dollars to SOFAR last year

In 2023, an interest in the amount of AZN 16.5 million ($9.7 million) was accrued on deposits of the State Oil Fund (SOFAR) by the Central Bank of Turkey (CBT).This is stated in the financial statements of the Fund, which had been audited at the end of the last year. According to the document, interest payments have grown by about 7 times as compared to 2022. The report does not indicate the reason for the sharp increase. Note that the S...

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