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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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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