CBA: Azerbaijan’s trade surplus creates conditions for the growth of strategic exchange reserves

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# 14:38
18 September 2020

Despite the low oil prices, from the beginning of the year, Azerbaijan's foreign trade balance remains in surplus, which creates conditions for the growth of strategic exchange reserves, according to the information of Central Bank of Azerbaijan (CBA), APA-Economics reports.

 “Currently strategic exchange reserves amounted to USD 51,4 bln. and this is 0,6% more than compared to the beginning of the year. The exchange reserves of Central Bank increased by 3,7%,” said CBA.

 

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