Azerbaijan’s currency reserves exceed international norms – central bank

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

Text size: bigger smaller
W1siziisijiwmtcvmduvmtgvmtevmzcvmtavntcwnjmzowmtzdjmyi00zdrmlwe2zwqtnddlzdaymzk2zwu5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzywedi3mcmixv0?sha=3c192e0c686ece6f

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.

News.Az

Printer

Commentary

Most read articles

More from Economy

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook

Real estate