Azerbaijan’s currency reserves exceed international norms – central bank

Thu 18 May 2017 07:34 GMT | 11:34 Local Time

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As of March 31, 2017 the volume of foreign currency reserves of the Central Bank of Azerbaijan stood at $4,433,000,000, said the Central Bank of Azerbaijan’s Monetary Policy Review for January-March 2017.

According to the document, the new exchange rate allows Central Bank’s reserves to stay at necessary level.
“Central Bank’s currency reserves exceeded international norms (to cover import of goods and services for three-month, ratio to money supply in national currency and etc.)”, the information said.




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