Bank Of Baku

Minister: Azerbaijan's total foreign exchange reserves 8 times higher than external debt

Minister: Azerbaijan
# 09 October 2014 09:17 (UTC +04:00)

Azerbaijan’s financial position strengthened. As of October 1, 2014, total foreign exchange reserves reached to $53 bln, increasing by $3.6 bln or 8 percent, said Azerbaijani Minister of Finance Samir Sharifov in his speech at the meeting of the Cabinet of Ministers.


The minister said Azerbaijan's total foreign exchange reserves are 8 times higher than external debt and the public debt-to-GDP ratio was 8.5 percent. 

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