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 Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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