Azerbaijan's strategic currency reserves excel foreign public debt by 5.8 times

Azerbaijan's strategic currency reserves excel foreign public debt by 5.8 times
  • Clock-gray 16:35
  • calendar-gray 02 April 2021

Azerbaijan's strategic currency reserves have been an amount near to USD 51 bln. as of March 1, 2021, said Azerbaijan's Economy Minister Mikayil Jabbarov at the round table on economic relations between Azerbaijan and Turkey, APA-Economics reports.

According to him, it makes up about 120% of the country’s GDP for 2020.

Mr. Minister said that the volume of strategic currency reserves excelled foreign public debt by 5.8 times.

Mirsaid İbrahimzade

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