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Azerbaijan Attempts To Corrupt Australia?

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  • Azerbaijan Attempts To Corrupt Australia?

    AZERBAIJAN ATTEMPTS TO CORRUPT AUSTRALIA?

    news.am
    November 29, 2012 | 00:25

    Azerbaijan, famous only for its caviar and petroleum, is buying
    Australian government bonds, by joining a growing list of sovereign
    investors acquiring debt in Australia, Wall Street Journal informs.

    The State Oil Fund of Azerbaijan said it started buying Australian
    bonds in July when market data show the Australian dollar gained
    value for 3.4 percent over the month.

    "The main purpose of these investments made within the company's
    investment policy is diversification of its currency basket," the fund
    said in written responses to questions from the Wall Street Journal.

    The purchase of Australian dollar-denominated debt and assets by
    sovereign investors such as Azerbaijan is blamed by analysts and the
    central bank for helping to inflate the value of the currency

    However, this activation by the Azerbaijani company regarding Australia
    looks suspicious in the light of the political processes, including
    quite warm relations between Yerevan and Canberra, as well as the
    activity of the Armenian community.

    Moreover, this October, the Legislative Council of the Australian
    state of New South Wales adopted a resolution on the recognition
    of Artsakh [Nagorno-Karabakh] and the right of the Karabakh people
    to self-determination.

    By adopting the resolution, the Legislative Council "called on the
    Australian Government to formally recognize the independence of
    Nagorno-Karabakh and Australia to deepen relations with the country
    and its citizens."

    Thus, it is likely that the steps by Azerbaijan are connected with
    the desire to 'neutralize' the pro-Armenian trends in Australia.

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