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CBA currency reserves to hit $9 bln by year-end

CBA currency reserves to hit $9 bln by year-end

08 December 2011 11:11 (UTC +04:00)

Note that, November 1, 2011, the amount of foreign currency reserves of CBA amounted to $7.028 billion.

Babayev said that from the beginning of this year, the CBA intervention in the currency market made approximately $ 1.3 billion and is expected to be $1.5 bln by the year-end. In the future, this figure is projected at $ 3 billion.

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