Azerbaijan’s foreign exchange reserves increase
According to the CBA’s data, this is 0.22 percent ($20.2 million) more compared to the previous month and 24.74 percent higher in comparison with the same period in 2022.
As of July 1, 2022, the CBA's foreign exchange reserves amounted to $7.3 billion, while as of June 1, 2023 - $9.1 billion.
Meanwhile, the CBA's foreign exchange reserves amounted to $9 billion in 2022, which was $1.9 billion (27 percent) more than in 2021.
In addition, last year, Azerbaijan's total GDP increased by 4.6 percent to 133.8 billion manat ($78.7 billion) compared to the preceding year, and non-oil GDP - by 9.1 percent, making up 69.8 billion manat ($41 billion).