Azerbaijan’s currency reserves have updated historical maximum

Azerbaijan strategic reserves in January -August 2022 increased by 5.1% to $ 55.9 billion, which is a record indicator.

According to the Central Bank, the growth of reserves is due to positive trends in the payment balance – a surplus at the level of 27.6% following the results of the first half of the year, surplus in foreign trade (growth of 3 times in 7 months), and an increase in non -enoven export (24, by 24, by 24, 2% in 7 months).

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.