Taleh Kazimov CBAR

Strategic currency reserves reach $67.5 bn

News & Updates

According to Central Bank’s chairman Taleh Kazimov, Azerbaijan’s current account balance is in surplus considering the high world oil prices and the increase in non-oil export.

He said this, in turn, affected Azerbaijan’s strategic foreign exchange reserves.

“Azerbaijan’s strategic foreign exchange reserves increased by 14.5% in August this year and reached to $67.5 bn,” Kazimov added.

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