Bank Of Baku

Foreign currency reserves increased – central bank

Foreign currency reserves increased – central bank
# 12 August 2016 15:44 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. The new exchange rate regime allows preservation of central Bank’s reserves, APA-Economics reports citing to Monetary Policy Review of the Central Bank of Azerbaijan.

 

According to the review, as of July 1, 2016, central Bank’s foreign currency reserves make $4.3 billion, up 5.4% from the end of the first quarter. CB’s reserves are in excess of norms of international practice. 

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