Azerbaijani Armed Forces Relief Fund assets top 108M manat
As of 2 March 2020, assets of Azerbaijani Armed Forces Relief Fund stood at more than 108.2 million manats, 213,577 US dollars, 17,566 euros and 5,000 Russian rubles, the country's Defense Ministry announced.
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.
News.Az
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