SOFAR receives first portion of gold

The State Oil Fund of the Azerbaijani Republic (SOFAR) has received on January 11, 2013 the first portion of gold weighing a ton from Brink’s Global Services in Baku.

13.934 more tons of gold will be delivered later. The first portion will be stored at the Central Bank of Azerbaijan and then moved to a new building of the SOFAR.

The SOFAR plans to buy 16 more tons of gold to secure price risks.

Adapted from: Vestnik Kavkaza