Bank Of Baku

Azerbaijan’s strategic currency stocks are adequate to 3-year import

 Azerbaijan’s strategic currency stocks are adequate to 3-year import
# 20 May 2013 12:45 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. In the first quarter of 2013, Azerbaijan’s strategic currency stocks rose $1.1 bln or 2.3% to $47.1 bln and this is sufficient to import of goods and services for three years, said the Central Bank’s Monetary Policy Review for the 1st quarter.

 

According to review, strategic currency stocks exceed the external public debt by 8 times. 

 

CB currency stocks rose 5.5% to $12.3 bln and this is sufficient to finance the one-year import of goods and services.

 

For the present, the currency stocks/GDP ratio is nearly 70%. According to this index, Azerbaijan is among the top 15 countries. The country’s Net International Investment Position is useful. 

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