Azerbaijani Armed Forces Relief Fund assets revealed

  02 May 2020    Read: 770
  Azerbaijani Armed Forces Relief Fund assets revealed

As of 2 May 2020, assets of Azerbaijani Armed Forces Relief Fund stood at more than 110.073.896,49 manats, 213,577 US dollars, 17,566 euros and 5,000 Russian rubles, the country's Defense Ministry told AzVision.az.

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