Strategic foreign exchange reserves of Azerbaijan nears $50 billion

Strategic foreign exchange reserves  of Azerbaijan nears $50 billion
  • Clock-gray 18:27
  • calendar-gray 22 January 2021

According to the results of 2020 (as of January 1, 2021), Azerbaijan's strategic foreign exchange reserves amounted to USD 49,933.7 million, APA reports.

Country's strategic foreign exchange reserves increased by 0.7% or USD 352.4 million in 2020.

At present, strategic foreign exchange reserves make up 117.2% of GDP.

However, in 2019, this figure was equal to 103.2% of GDP.

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