S&P unveiled its forecast regarding CBA's foreign exchange reserves

S&P unveiled its forecast regarding CBA
# 25 July 2022 14:22 (UTC +04:00)

S&P Global Ratings international rating agency unveiled its forecast regarding the foreign exchange reserves of the Central Bank of Azerbaijan, APA-Economics reports citing the forecast of S&P.

In accordance with the forecast, this year, the foreign exchange reserves of CBA will make up USD 7, 489 bln (5,8% more in comparison to 2021).

S&P considers that by 2023, the CBA's reserves will increase to USD 7.731 bln, and to USD 7.782 bln in 2024. in 2025, this figure will decrease and make up USD 7, 743 bln.

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