Foreign Exchange Reserves of Central Bank Increased During the First Three Quarters by 10%
Official foreign exchange reserves of the Central Bank of Azerbaijan (CBA) on October 1 of the current year amounted to $ 11,506.5 million.
According to the CBA, in September, the foreign exchange reserves increased $ 227.2 million, or 2%, and since the early year - $ 1,025 million or 9.8%.
Over the past 12 months the reserves of the Central Bank increased $ 4,563.2 million or 65.7 percent.
The current level is a historical high for the foreign exchange reserves. - 15B -
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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