Azerbaijan’s official reserve assets exceed $10.907 bn
Baku, Fineko/abc.az. The Central Bank of Azerbaijan reports of further moderate sustained growth of official reserve assets in 2012.
The Bank informs that official reserve assets from January to July rose from $10.145 bn up to $10.907 bn. Foreign exchange reserves grew for Jan-June 2012 from $9.91 bn up to $10.669 bn and finances invested in securities from $1.86 bn up to $3.644 bn.
By 1 July 2012 Azerbaijans official reserve assets were estimated lower than 25% of its strategic foreign exchange reserves (about $44 bn).
Tags: reserve assets
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