Azerbaijani oil fund golden reserves coming to 30 tons

Azerbaijan's Golden Fund of Oil will be increased up to 30 tons for the end of 2013. A statement concerning the issue was made by the Executive Director of the fund, Shakhman Movsumov. He stressed that the fund has already bought 22-23 tons of gold and 7 tons has been transferred inside the state. Movsumov emphasized that until the end of the year all the bought gold will be brought to Azerbaijan.

He suggested that although the price of gold is fluctuating Azerbaijan will not consider selling its gold reserves.