Azerbaijan Central Bank foreign exchange reserves to grow up to $15 bn in 2013
Baku, Fineko/abc.az. The Central Bank of Azerbaijan has announced a change in its forecast of foreign exchange reserves for 2013.
CBA deputy chairman Aftandil Babayev says that in 2012, as it was expected, the Bank’s currency reserves will reach $12 bn.
"They are expected to grow up to $15 bn by the end of 2013," Babayev said.
In 2012, the Bank is expected to conduct manat interventions and buy $2 bn from the market, and in 2013 they will amount to $15 bn.
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