In 2024, the reserve assets of the balance of payments decreased by USD 438.1 million in Azerbaijan, APA-Economics reports, citing the Central Bank of Azerbaijan.
Last year the reserve assets of the balance of payments increased by USD 5 billion 356.4 million.
It was noted that the balance of payments in 2024 was influenced by various tendencies in the external environment. A surplus of USD 4.7 billion was formed in the current account balance, while a deficit of USD 5 billion emerged in the capital and financial account balance (mainly due to a reduction in financial liabilities). During this period, the implementation of several strategically important projects and measures, as well as the increase in government expenditures in foreign currency related to the payment of large financial obligations, led to a decrease of 438.1 million US dollars in the country’s strategic currency assets.
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