Fitch: Gold accounts for 36% of SOFAZ assets, strengthening Azerbaijan’s external buffers

Azernews.Az

25 August 2026 16:18 (UTC+04:00)

Akbar Novruz

Gold has become the largest component of the State Oil Fund of Azerbaijan’s (SOFAZ) investment portfolio, playing an increasingly important role in strengthening the country’s sovereign external financial buffers, according to Fitch Ratings. Fitch reported that SOFAZ’s investment portfolio reached...

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