Currency Reserves Continue to Decline

According to the Central Bank of Republic of Azerbaijan (CBA), its foreign currency reserves as of October 1, amounted to $ 7 billion 44.2 million. This is 48.8% less than January 1 of the year ($ 13 billion 758.3 million).

Recall the reduction of the CBA currency means began in September last year, but it was not significant - by 31 December decline was at 2.78%. But the trend has intensified since the devaluation of the manat on 21 February 2015.

By the way, in September this year, currency reserves fell by $ 271.2 million or 3.7% by August. --17D-

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