Azerbaijan sees $ 1.1B-surplus in balance of payment

Azerbaijan sees $ 1.1B-surplus in balance of payment
  • Clock-gray 13:48
  • calendar-gray 14 June 2018

In January-March 2018, the surplus on balance of payment amounted to $ 1.1 billion.

 

According to Central Bank of Azerbaijan, this was caused by 27.2% rise in oil price, positive tendencies in Current Operations Balance (COB) and progress in economy of partner countries.

 

Surplus in Current Operations Balance made up $1.6 billion. The COB deficit on non-oil sector increased by 12.9% or $147 million to $1.3 billion. 

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