Azerbaijan CBA's head comments on increasing foreign exchange reserves

  30 July 2021    Read: 213
Azerbaijan CBA

The foreign exchange reserves of the Central Bank of Azerbaijan (CBA) have grown by more than 2 percent since the beginning of 2021, reaching $6.5 billion, Chairman of the CBA board Elman Rustamov said, reports.

Rustamov stated that the country's strategic foreign exchange reserves are also growing.

"Since the beginning of the year, strategic foreign exchange reserves have exceeded $52.2 billion. All these factors show the stability of our national currency," the CBA chairman said.

On July 30, the CBA Board decided to keep the discount rate at 6.25 percent. The next decision on the discount rate will be made on September 17.

More about: