Currency reserves of CBA increase by 13% from beginning of year

Currency reserves of CBA increase by 13% from beginning of year
  • Clock-gray 12:45
  • calendar-gray 13 December 2019

Strategic currency reserves of Azerbaijan increasing by 12.7% or by USD 5,7 bln. have amounted to $ 50,4 bln. on condition of balance of payment surplus from beginning of the year, Central Bank of Azerbaijan told APA-Economics.

Rising process of economic growth rate is continuing.

According to official statistics, in January-October of the current year, real economic growth rate has been 2.1% in comparison with the same period of the previous year. Economic growth rate was 3.6% in non-oil sector and it was related to commercial sector. An increase of 15.7% has been observed in non-oil sector, while 7.3% in agriculture.

Narmin Rahimova

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