The State Oil Fund of Azerbaijan's (SOFAZ) investments in gold bars were valued at 47.7 billion manat ($28.06 billion), according to Trend News Agency.
Gold accounted for 37.9% of SOFAZ's assets, the report said.
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Gold Worth $28.06B Makes Up 37.9% Of Azerbaijan's SOFAZ Assets
The value of the State Oil Fund of Azerbaijan's (SOFAZ) investments in gold bars amounted to 47.7 billion manat ($28.06 billion).