CBA’s foreign exchange reserves to reach $6.6 billion in 2024

CBA’s foreign exchange reserves to reach $6.6 billion in 2024
  • Clock-gray 16:41
  • calendar-gray 23 January 2021

S&P Global Ratings (S&P) projects official foreign exchange reserves of the Central Bank of Azerbaijan (CBA) will decline by 2% to $6.243 billion this year, APA-Economics reports citing the agency.

According to S&P’s long-term forecasts, the CBA’s foreign exchange reserves will make up $6.305 billion in 2022, $6.474 billion in 2023 and $6.597 billion in 2024.

 

Note that as of January 1st 2021, the bank’s official foreign exchange reserves equalled $6.369 billion.

Mirsaid İbrahimzade

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