Bank Of Baku

Azerbaijan’s strategic currency stocks increased by 11%

Azerbaijan’s strategic currency stocks  increased by 11%
# 05 November 2012 12:35 (UTC +04:00)
Note that as of October 1, the CB’s currency stocks soared 9.8% to $11.5 bln, SOFAZ’s currency stocks grew 11.4% to $ 33.2 bln.

According to APA-Economics, total currency stocks are enough to finance the 3-year import of goods and services, the CBA’s currency stocks - the 1-year goods and services import.

At present, strategic currency stocks/GDP ratio is near 70%, upper 7 percentage points that 2010.






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