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Azerbaijanâ€™s strategic currency stocks are equal to countryâ€™s 38-month import

26 April 2011 13:26 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of April 1, 2011, Azerbaijanâ€™s strategic currency reserves made $ 32.515 bln. Of this, $ 6.718 bln was Central Bankâ€™s funds, $ 25.797 bln â€“ SOFAZâ€™s. According to APA-economics, strategic currency stocks are enough to pay the 38-month import of goods and services.

Note that, according to balance o payment of 2010, Azerbaijanâ€™s annual import of goods and services made $ 10.273 bln.

As you see, SOFAZâ€™s funds are equal to 30-month, CBAâ€™s funds â€“ to 8-month.

This index is used for assessment of countryâ€™s payment ability for its import on the account of strategic currency stocks. According to world practice, the strategic currency stocks in developing countries must be equal to 3-month import of goods and services.