Azerbaijani Armed Forces Assistance Fund assets increase

Baku: The assests of the Azerbaijani Armed Forces Assistance Fund have increased by AZN 748,155 over the last month.

According to the Defense Ministry, capital assets of the Fund’s AZN account as of 1 March 2015 made up 61,653,116, while the USD and Euro accounts made up 211,791 and 593 respectively. The Fund’s USD, Euro, and Russian Ruble accounts did not receive any assets in 2014, APA reports.

Note that, the Armed Forces Assistance Fund was established under an order issued by the President of Azerbaijan on August 17, 2002.

The Fund is formed on the basis of voluntarily donations of individuals and legal entities and at the expense of the other donations not prohibited by the laws of Azerbaijan.