Azerbaijan

  14 May 2016    Read: 1155
Azerbaijan
The strategic currency reserves of Azerbaijan in the first quarter of 2015 exceeded the country`s external debt fivefold, according to the Azerbaijani Central Bank`s monetary policy report.
"In the reporting period, the strategic currency reserves of Azerbaijan were maintained at the required level and are sufficient to cover the 25-month import of goods and services," the report said.

The strategic currency reserves of Azerbaijan exceed $38 billion and assets of the State Oil Fund of Azerbaijan (SOFAZ) amounted to $34.25 billion as of April 1, which is a 2-percent increase as compared to the early 2016 ($33.57 billion).

Currency reserves owned by the Central Bank of Azerbaijan stood at $4065.8 million as of April 1 (having decreased by 18.95 percent during the same quarter).

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