Azerbaijan’s FX reserves increase by 5.6%

Azerbaijan’s FX reserves increase by 5.6%
  • Clock-gray 10:48
  • calendar-gray 01 August 2018

"Strategic exchange reserves increase", Chairman of Central Bank of Azerbaijan (CBA) Elman Rustamov said at the press conference.

 

According to him, in the six months of 2018 the foreign-exchange reserves  increased by $2.3 billion or 5.6% to $44.2 billion.

 

‘Of this, $37.7 billion belongs to SOFAZ, $1 billion to Finance Ministry, $5.5 billion to Central Bank. Central Bank’s reserves exceed import of three-month goods and services’, he said. 

Other news