Currency Reserves of Azerbaijan Increased by $ 3.6 Billion for Seven Months

Baku / 03.09.17 / Turan: Azerbaijan's currency reserves increased by $ 3.6 billion in January-July 2017, Azerbaijani President Ilham Aliyev said.

"For seven months the currency reserves of Azerbaijan increased by $ 3.6 billion," the head of state said at a national meeting on development of tea, rice and citrus production in Lankaran on September 3.

So, as of August 1, Azerbaijan's strategic currency reserves amounted to $ 41.2 billion, while as of January 1, 2017 this indicator was at the level of $ 37.6 billion.

The President also stressed that in recent years, entrepreneurs in Azerbaijan have been granted concessional loans for AZN 2 billion.

"The level of poverty in the republic decreased to 5%. 1.6 million new jobs were opened, which significantly reduced the migration of rural population to the cities," Aliyev said. At the same time he pointed to a new trend - the reverse migration of people from cities to rural areas.

According to the head of state, the scope of gas supply in Azerbaijan has reached 93%. -06D-

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