‘International reserves of the Central Bank of Azerbaijan (CBA) will go up to the level of the country's total imports for 8–9 months (or up to $8.5 billion at the end of 2022)’, says the report “Azerbaijani economy: 2022 outlook” by Russia's Analytical Credit Rating Agency (ACRA).
According to the agency, the CBA’s reserves stood at $5.3 billion as at the end of 2017. ACRA analysts expect the reserves to increase by 60.4% in 2018-2022.
The reserves will make up $6.2 billion in 2018, $6.6 billion in 2019, $7.5 billion in 2020, $8 billion in 2021 and $8.5 billion in 2022.
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