The S&P Global Ratings international rating agency has forecasted that the official currency reserves of the Central Bank of Azerbaijan (CBA) will decrease by 5.4% and will fall to $ 5 922 mln. this year, APA-Economics reports citing the agency.
The stable growth will be observed in the CBA’s currency reserves in the next 3 years. Thus, the currency reserves will increase by 3.7% in 2021, by 3.1% in 2022, and by 3.5% in 2023.
Note that the CBA’s currency reserves made up $ 6 258 mln. last year, and $ 6 436.3 mln. as of July 1 of this year.