11:41 - 7.06.2019

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June 7, Fineko/abc.az. Azerbaijan's strategic foreign exchange reserves grew by 6.2% up to $47.5 bn for Jan-Apr 2019.

The CBA reports that this increase shows that the balance of payments is formed with a surplus.

As of 31 March 2019 country’s strategic currency reserves amounted to $46.7 bn. Consequently, in April Azerbaijan's strategic currency reserves increased by $800 million.

The CBA reports that a positive trend is ongoing in foreign markets.

"Over Jan-Apr of the year the positive balance of Azerbaijan's foreign trade balance amounted to $2.5 bn. Exports grew by 25.4%, including non-oil export by 19.9%," the CBA said.

Azerbaijan's strategic currency reserves are formed from CBA’s reserves, assets of the State Oil Fund (SOFAZ) and treasury funds of the Ministry of Finance.