Central Bank of Azerbaijan said foreign liabilities rose AZN 2,532.6 mln or 51.31% in February, fell AZN 130.1 mln or 1.74% in March, AZN 207.6 mln or 2.83% in April, AZN 148.4 mln or 2.08% in May, AZN 353 mln or 5.06% in June, AZN 67.7 mln or 1.02% in July and AZN 315.2 mln or 4.8% in August. The decline was caused by devaluation.
At the same time, as of September 1, 2015, banks’ total foreign assets stood at AZN 4,442.6 mln, up AZN 1,395.6 mln or 45.8% in comparison to a year earlier. Compared to previous months, total foreign assets raised AZN 54.8 mln or 1.22% in August.
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