Bank Of Baku

Central Bank’s reserves will generate $50 million this year

Central Bank’s reserves will generate $50 million this year
# 04 September 2009 16:47 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The Central Bank of Azerbaijan earned $23 million from the management of foreign exchange reserves abroad during the first half of 2009.

Elman Rustamov, Chairman of the Central Bank, said they expect to get $50 million by the yearend.

The central bank’s currency reserves stood at $5.081 billion as of July 1.
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