Funds accumulated for Azerbaijani Armed Forces Assistance Fund increase by AZN 766,824 within a month

Baku: Funds accumulated for Azerbaijani Armed Forces Assistance Fund increased by AZN 766,824 (%977,593) within a month, said Defense Ministry, APA reports.

As of December 1, 2014, the amount of money collected in fund’s account made AZN 59,196,080, $ 211,791 and €593.

The growth was observed in manat. The amount of money in USD and Euro remained unchanged. No amount of money was collected in Russian ruble.

Total amount of the money for Azerbaijani Armed Forces Assistance Fund makes $75,335,519.

The Armed Forces Assistance Fund was established under the order issued by the President of Azerbaijan on August 17, 2002. According to President’s order the Armed Forces Assistance 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 law.

SOURCE: AZERI PRESS NEWS AGENCY