Azerbaijan is negotiating with Russian banks on the acquisition of rubles. This was stated during the international conference “Oil, Gas, Media” by the executive director Shahmar Movsumov.
According to him, the volume of purchases of Russian rubles will depend on the number of banks with which they will reach an agreement on this issue. “SOFAZ does not want to buy the ruble from one particular bank in order to minimize risks,” – said Movsumov. He also announced the launch of the Fund purchases of Australian dollars and Turkish lira.
According to the representative of the State Oil Fund, currently 50% of the State Oil Fund is kept in U.S. dollars, 40% – EUR, 5% – sterling and the remaining 5% – in Australian dollars and Turkish lira, and later, as planned, – in Russian rubles .
In the next few weeks, it is expected to complete negotiations with Russian banks.
Recall that according to the CBR, the real effective exchange rate for the eight months of 2012 rose to foreign currencies by 3.8%. The real exchange rate of the ruble to the dollar in January-August of this year increased by 1.5% and the euro rose by 7.8%.
