Azerbaijan's strategic foreign exchange reserves exceed USD 51 bln

Azerbaijan's strategic foreign exchange reserves exceed USD 51 bln
  • Clock-gray 15:14
  • calendar-gray 29 January 2021

Azerbaijan's strategic foreign exchange reserves increased by 0.3% and reached USD 51.4 billion in January, chairman of the Central Bank Elman Rustamov said at an online press conference on the parameters of the interest rate corridor, APA reports.

Mr. Rustamov said it is associated with fiscal stimulation and recovery of consumption: "Strategic currency reserves provide the main support for the stable exchange rate of the manat."

Mirsaid İbrahimzade

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