Central Bank: Currency reserves exceed external public debt by threefold

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# 16:36
24 May 2018

Positive processes in the foreign sector manifested themselves in dynamics of foreign currency reserves.

 

Central Bank of Azerbaijan said in its monetary policy review for January-March 2018 that strategic currency reserves increased by 5% in the first quarter.

 

“The strategic currency reserves exceeded the external public debt and were preserved at the necessary level and are sufficient for covering import of goods and services within 3 1months,” the report reads.

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THE OPERATION IS BEING PERFORMED