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Central Bank of Azerbaijanâ€™s foreign exchange reserves drops in October

Central Bank of Azerbaijanâ€™s foreign exchange reserves drops in October

13 November 2009 11:33 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of November 1, the Central Bank of Azerbaijanâ€™s official foreign exchange reserves stood at US$5 092.9 million, down 4.2% or $223.1 million from a year ago.

According to statistics, foreign exchange reserves declined by 17% or $1 044.1 million during January-October and went down by 0.2% or AZN 10.8 million in October alone, said the Central Bank of Azerbaijan.

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