Azerbaijan's strategic currency reserves sharply increased over the last 5 years

Azerbaijan
# 11 November 2021 09:40 (UTC +04:00)

Azerbaijan's strategic currency reserves have increased by USD 12.8 bln. or 34.5% over the last 5 years (2016-2021), APA-Economics reports citing report of State Oil Fund of the Republic of Azerbaijan (SOFAZ) on 2020.

According to the report, while strategic currency reserves of the country in 2016 made up USD 37.1 bln., their volume in 2020 increased up to USD 49.9 bln.

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