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Azerbaijan`s strategic currency reserves exceed foreign debt 3-fold

15.02.2019,12:07


February 15, Fineko/abc.az. The Central Bank of Azerbaijan reports about the effectiveness of the impact of positive processes in the foreign market on the dynamics of foreign exchange reserves of the country.

The CBA monetary policy overview for the end of 2018, country's strategic foreign exchange reserves increased by 7.1% or $3 bn up to $44.9 bn last year.

"Strategic reserves were enough to import goods and services for 31 months and the amount of reserves exceeded the amount of external debt by 3 times and the money supply in manats by 5.3 times," the overview says.