Currency reserves of CBA exceed IMF's forecast

Currency reserves of CBA exceed IMF's forecast
  • Clock-gray 12:34
  • calendar-gray 02 December 2020

As of November 30 of this year, official currency reserves of the Central Bank of Azerbaijan (CBA) have made up USD 6 411,5 mln., APA-Economics reports citing CBA's report.

It is 0.9% less in comparison with last month, while 2.4% more in comparison with the beginning of the year, and 3.7% more in annual comparison.

Note that according to the forecast of the International Monetary Fund (IMF) in October, currency reserves of the CBA will be USD 6.3 bln. at the end of the year. The actual indicator continues exceeding the IMF's forecast. Thus, CBA currency reserves have not been lower than  USD 6.4 bln. since April 30.

 

Mirsaid İbrahimzade

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