Central Bank stores currency reserves in this money

15.03.2021,12:05


March 15, Fineko/abc.az. In accordance with the strategy and the rules for managing foreign exchange reserves, the foreign exchange reserves of the Central Bank of Azerbaijan were divided into operating and investment tranches, which are an accumulation tool that ensures current activities, each tranche was managed in accordance with its purpose.

ABC.AZ reports that the operating tranche itself was kept in US dollars, the dominant currency of foreign economic activity.

At the end of the reporting period, 90% of official foreign exchange reserves are denominated in US dollars, 5% in euros, 2% in British pounds, and 3% in SDR (special drawing rights of the IMF).