CBA Chairman: Azerbaijan’s currency reserves will significantly increase by year-end

CBA Chairman: Azerbaijan’s currency reserves will significantly increase by year-end
  • Clock-gray 14:41
  • calendar-gray 09 April 2018

‘Azerbaijan’s currency reserves will significantly increase by year-end’, Chairman of Central Bank of Azerbaijan (CBA) Elman Rustamov said at the press conference.

 

According to him, budget transfers and import significantly declined: ‘This allows us to implemented planned projects. The currency reserves increased by $2.2 billion to $44 billion in three months of 2018. If oil prices don’t change, the currency reserves will increase’, he said.  

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