Azerbaycandan son xeberler | APA - xeberimiz var
AZ RU EN
send-icon CORONAVIRUS
  1. apa.az
  2. Finance

Elman Rustamov: “Currently, we do not think about using strategic foreign exchange reserves

Elman Rustamov: “Currently, we do not think about using strategic foreign exchange reserves
  • Clock-gray 13:50
  • calendar-gray 11 March 2020

“Today we do not think on use of strategic currency reserves yet”, Chairman of the Central Bank of Republic of Azerbaijan (CBA) Elman Rustamov told journalists regarding effects of sharp decrease in oil prices on national currency.

According to the CBA Chairman, Azerbaijan has enough currency reserves: “We have enough current reserves. Transfers of the State Oil Fund do not change. The CBA has its own reserves. As well as the Ministry of Finance has significant reserves. We will use all reserves fully. I suppose that problem will end earlier than we expected. However we should not forget that we have strategic currency reserves. We call on our people to help us in order to solve the problem more quickly."

Remind that total currency reserves of the country is more than USD 52 bln., as well as CBA’s currency reserves is more than USD 6.4 bln.

Narmin Rahimova

Other news

Germany unveils 130-billion-euro stimulus package to boost virus-hit economy

Germany unveils 130-billion-euro stimulus package to boost virus-hit economy

11:30 04 June 2020
Volume of e-trade increases in Azerbaijan by 47%

Volume of e-trade increases in Azerbaijan by 47%

11:35 03 June 2020
Samir Sharifov: "AZN 500 mln. surplus developed in budget"

Samir Sharifov: "AZN 500 mln. surplus developed in budget"

15:47 02 June 2020
Azerbaijani Parliament discusses previous year’s state budget

Azerbaijani Parliament discusses previous year’s state budget

14:23 02 June 2020
CBA grants grace period to two banks for improvement of capital

CBA grants grace period to two banks for improvement of capital

16:17 01 June 2020
Real incomes of Russian population to decrease by 6% this year

Real incomes of Russian population to decrease by 6% this year

16:47 27 May 2020
Rating of world’s largest exporter countries’ disclosed - TOP-10

Rating of world’s largest exporter countries’ disclosed - TOP-10

15:13 27 May 2020
EU wants to mobilize 750 billion euros to help European economy recovery

EU wants to mobilize 750 billion euros to help European economy recovery

14:52 27 May 2020
Austrian Development Bank allocates financial assistance to Azerbaijan

Austrian Development Bank allocates financial assistance to Azerbaijan

11:31 25 May 2020
Foreign investments worth about AZN 1.6 bln. put in Azerbaijani economy in four months

Foreign investments worth about AZN 1.6 bln. put in Azerbaijani economy in four months

11:14 25 May 2020
Argentina faces potential ninth sovereign default

Argentina faces potential ninth sovereign default

19:54 22 May 2020
Georgian banks extends credit holidays for more three months

Georgian banks extends credit holidays for more three months

11:57 21 May 2020
"AzerGold" exports gold and silver worth $ 12 mln.

"AzerGold" exports gold and silver worth $ 12 mln.

16:44 20 May 2020
Budget office: US economy to contract 37.7% in Q2 - FORECAST

Budget office: US economy to contract 37.7% in Q2 - FORECAST

11:32 20 May 2020
Central Bank of Azerbaijan and EBRD sign swap agreement worth to USD 200 mln.

Central Bank of Azerbaijan and EBRD sign swap agreement worth to USD 200 mln.

15:43 19 May 2020
Volume of Azerbaijan’s trade turnover with USA increases by 65%

Volume of Azerbaijan’s trade turnover with USA increases by 65%

15:33 19 May 2020
Azerbaijan signed contracts worth $ 2 bln. with contractors in framework of ADB projects during last 5 years

Azerbaijan signed contracts worth $ 2 bln. with contractors in framework of ADB projects during last 5 years

13:07 18 May 2020
Insulin syringes, imported to Azerbaijan, exempt from customs duty

Insulin syringes, imported to Azerbaijan, exempt from customs duty

11:01 18 May 2020
31.8% of state budget spend for finance of socially-oriented expenditures last year

31.8% of state budget spend for finance of socially-oriented expenditures last year

10:08 16 May 2020
Funds spent on census of population and implementation of municipal elections disclosed

Funds spent on census of population and implementation of municipal elections disclosed

10:05 16 May 2020
Revenues and expenditures of Azerbaijan's state budget announced

Revenues and expenditures of Azerbaijan's state budget announced

09:54 16 May 2020
Azerbaijan’s export to Russia increases

Azerbaijan’s export to Russia increases

15:48 15 May 2020
Inflation in Azerbaijan made up 0.1% in April

Inflation in Azerbaijan made up 0.1% in April

12:46 15 May 2020
ADB: Global cost of the virus could reach $8.8 trillion

ADB: Global cost of the virus could reach $8.8 trillion

09:58 15 May 2020
Limak
video-play

VIDEO NEWS

photo

PHOTO NEWS

apa

© 2004 - 2020 All copyright are reserved.