Azerbaijan’s official reserve assets exceed $10.7 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 June rose from $10.145 bn up to $10.767 bn. Foreign exchange reserves grew for Jan-May 2012 from $9.9 bn up to $10.5 bn and finances invested in securities from $1.86 bn up to $2.399 bn.
By 1 June 2012 Azerbaijans official reserve assets were estimated at 25% of its strategic foreign exchange reserves (about $43 bn).
Tags: reserve assets
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