Azerbaijan's strategic foreign exchange reserves increased by 7.3%

15:25 - 3.12.2024


December 3, Fineko/abc.az. As of October 1, 2024, Azerbaijan's strategic foreign exchange reserves are estimated at $73.5 billion, and they are sufficient to cover 35.5 months of imports of goods and services to the country.

ABC.AZ informs with reference to CBA's monetary policy review for the first 9 months of 2024 that country's strategic foreign exchange reserves grew by 7.3%.

According to the Central Bank, Azerbaijan's foreign exchange reserves are 3.5-fold higher than the money supply in manats.