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Central Bank’s currency reserves to be increased by year-end – Elman Rustamov


Currency reserves of Central Bank of Azerbaijan will increase by the end of this year, Chairman of Management Board of the Central Bank of Azerbaijan Elman Rustamov said at the press conference.  

 

According to him, decline in oil prices affects currency reserves: ‘If we base on official scenario, budget forecasts, these promise that the balance of payment will be positive. This means currency reserves, which already increased by $1.8 billion in January’.

 

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