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Azerbaijan's foreign exchange reserves exceed volume of imports by 4.6 times

Mikayil Jabbarov, Minister of Economy of Azerbaijan

© APA | Mikayil Jabbarov, Minister of Economy of Azerbaijan

25 February 2022 09:55 (UTC +04:00)

"Azerbaijan's foreign exchange reserves have made up USD 53 bln., which exceed volume of imports by 4.6 times," said Minister of Economy MIkayil Jabbaroc while his speech at the forum on "Tax reforms for inclusive and sustainable development: towards voluntary compliance with digital transformation", APA-Economics reports.

According to Minister, foreign exchange reserves made up 97.6% of GDP last year.

Mirsaid İbrahimzade

Azerbaijan Foreign exchange reserves Volume of imports

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