Azerbaijani Central Bank’s currency reserves up by almost 30%

Azerbaijani Central Bank’s currency reserves up by almost 30%

Currency reserves of Azerbaijan's Central Bank (CBA) increased by about $1,195.2 million (29.8%) up to $5,200.7 million in October 2017 as compared to the same period of 2016, statistical data posted on the CBA website says.

During the month, CBA reserves rose by 33.2 million (0.6%), while since early 2017 increased by 1,226.3 million (30.9%).

Currency reserves of CBA decreased by more than $1 billion or 20.78 percent in 2016 as compared to 2015.

During 2016, the CBA currency reserves increased by 0.9% in March, 1.35% in April, 3.97% in May, 0.7% in August, and 0.14% in November.

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