Funds received by the Armed Forces Relief Fund revealed

  01 November 2019    Read: 973
 Funds received by the Armed Forces Relief Fund revealed

As of November 1, 2019, assets of Azerbaijani Armed Forces Relief Fund stood at 104.234.547,81 Manats, 213.577,88 USD, 17.566 Euros and 5000,0 Rubles, AzVision.az reports citing Azerbaijani MOD.

The Armed Forces Relief Fund was created by a presidential decree on Aug. 17, 2002.

The fund was established to ensure the development of the Armed Forces at the level of modern requirements, to strengthen the material and technical base and to finance the necessary social measures.

The Fund is formed by voluntary contributions of individuals and legal entities operating in Azerbaijan and other revenues not prohibited by law, according to the decree.


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