Baku. Vahab Rzayev – APA-Economics. As of January 1, Azerbaijan’s strategic foreign exchange reserves stood at US $18 555.4 million, up 2.5 times on a year ago, according to the country’s balance of payment for 2008.
Of this, $11 219.2 million is the assets of State Oil Fund of Azerbaijan (SOFAZ), $869 million is government deposits and $6 467.2 million is the total international assets owned by the National Bank of Azerbaijan.
The central bank’s official foreign exchange reserves account for $6 137 million of its total reserves.
Azerbaijan posts strategic foreign exchange reserves at $19 billion
01 April 2009 12:39 (UTC +04:00)
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