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
-
The main reason for the sharp - 2.6 times as compared to the same period of 2023 - rise in foreign currency sold by the State Oil Fund (SOFAZ) in January-October 2024 is the needs of the state. Expert economist Rovshan Agaev said.
-
The Central Bank of Azerbaijan has issued an official warning to the Baku Stock Exchange (BSE). This is reported on the CBA website.
-
As of the end of June 2024, the 'Mortgage and Credit Guarantee Fund' had deposits in Azerbaijani banks in the amount of AZN 4.6 million. This is reported in the semi-annual financial statements of the Fund.
-
The Central Bank of Azerbaijan (CBA) has issued a licence for currency exchange activity (‘Exchange’) to 'Money Shop' company.
Leave a review