Volume of strategic currency reserves of Azerbaijan revealed

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3 May 2021

As of April 1, 2021, Azerbaijan's strategic currency reserves made up USD 49 117,5 mln., according to calculations of APA-Economics on the basis of information of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Central Bank of Azerbaijan (CBA).

Reserves made up 115.3% of the GDP of 2020.

Note that according to forecasts of the Asian Development Bank, Azerbaijan's currency reserves increasing by 0.4% will amount to USD 50.1 bln. until the end of this year.

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