The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has placed a deposit in the amount of one billion euros for a period of six months with the Central Bank of Turkey, SOFAZ told Trend.

According to the report, these investments will make a positive contribution to Turkey’s financial stability.

“The investment of these funds in the Central Bank of Turkey was carried out within the investment strategy of SOFAZ,” the fund said.

Source: Trend News Agency