Azerbaijan's strategic foreign exchange reserves approach $73 billion
In January-August 2024, Azerbaijan's strategic foreign exchange reserves rose by 6.1% and reached $72.6 billion. This is reported by the Central Bank of Azerbaijan.
"In the first half of this year, the country's balance of payments had a current account surplus of $2.6 billion, or 7.5% of gross domestic product (GDP). The foreign trade balance, which is the main component of the current account, recorded a surplus of $5.5 billion in 8 months," the CBA said in a statement.
Finance
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The Ministry of Finance has become a full member of the 'Coalition of Finance Ministers for Climate Action'. This was announced by the Ministry.
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The Central Bank of Azerbaijan has released a 'Statistical Bulletin' on the results of January-August 2024.
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The Central Bank of Azerbaijan (CBA) has restricted the licence of “Bakı Sığorta” company. This is reported on the website of the regulator.
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In January-September 2024, Azerbaijani banks purchased currency worth $5,378.1 million at auctions held jointly by the Central Bank and the State Oil Fund. This is reported on the website of the regulatory body.
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