Central bank’s currency reserves forecasted to double

  31 July 2017    Read: 1242
Central bank’s currency reserves forecasted to double
In 2017-2020, the currency reserves of the Central Bank of Azerbaijan (CBA) will increase 2.06-fold, Standard & Poor’s reported.
According to the forecast, the CBA’s currency reserves will reach $5.757 billion as at the end of 2017. At the end of 2016, the currency reserves made up $3.974 billion.

S&P thinks that CB’s currency reserves will reach $6.287 billion in 2018, $7.223 billion in 2020, $8.192 billion in 2021.

As of July 1, 2017, the currency reserves stood at $4,964,100,000.

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