BAKU, Azerbaijan, January 5. Last year, we also
made a strategic decision to increase our gold reserves, President
of Azerbaijan Ilham Aliyev said in an interview with local
television channels on January 5, Trend reports.
"We clearly could see the geopolitical developments, and I was
absolutely sure that the price of gold would go up, and it
skyrocketed,” the head of state added.
Emphasizing that this decision brought significant income to
Azerbaijan, the head of state noted: “By increasing our reserves of
gold, our State Oil Fund earned more than 10 billion U.S. dollars
only because of that. But if the price goes down, of course, our
reserves will go down. So, now our reserves change every day.
Today, probably, they’re 84 or 83. Tomorrow, it will be 85.
Nevertheless, this is one of the highest per capita reserves in the
world, which any country can have.”
