Currency reserves of the Central Bank of Azerbaijan up by 27%
As of the end of April 2024 the Central Bank of Azerbaijan had foreign currency reserves in the amount of 11,660.8 million US dollars. This is reported on the website of the structure.
According to the data, this is up by 0.1% from the end of March.
Note that the the CBA's foreign exchange reserves are up by 0.4% as compared to the end of the last year and by 26.9% over the last year.
Finance
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On November 19, Finance Minister Samir Sharifov stated in the Milli Majlis (National Assembly) that fines issued to citizens in Azerbaijan sometimes do not reach the state budget. According to him, a new software system has been developed to address this issue and ensure proper oversight of fine payments.
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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