Baku. Vahab Rzayev – APA-Economics. As of April 1, 2011, Azerbaijan’s strategic currency reserves made $ 32.7 bln that are sufficient for 3-year import of goods and services, CBA’s Monetary Policy Review reports.
The critical limit of the country’s strategic reserves was indicated as at $2.636 bln-level, in the review. According to world practice, the strategic currency stocks in developing countries must be equal to 3-month import of goods and services.
Remind that, $ 6.7 bln was Central Bank’s funds, $ 26 bln – SOFAZ’s.
Azerbaijan’s strategic currency stocks are sufficient for 3-year import
18 May 2011 09:20 (UTC +04:00)
İDMAN XƏBƏR
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