Central Bank explained increased currency reserves of Azerbaijan

Azerbaijan strategic reserves for 11 months increased by 12.3% to $ 59.8 billion

The statement of the Central Bank of Azerbaijan in the main areas of monetary policy for 2023 states that the country’s strategic reserves for 11 months increased by 12.3%, or $ 6.5 billion, and reached $ 59.8 billion

Azerbaijan strategic reserves are formed from the reserves of the Central Bank, assets of the State Oil Fund and Treasury funds of the Ministry of Finance.