13:27 - 30.12.2022

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December 30, Fineko/abc.az. Azerbaijan's strategic foreign exchange reserves increased by 12.3% or $6.5 bn for Jan-Nov 2022 up to $59.8 bn, ABC.AZ reports, referring to the Central Bank’s statement on the main directions of monetary policy for 2023.

The CBA says that for the first 9 months the balance of 30.7% of GDP was formed on the current account of the balance of payments. In the following months, positive processes continued in the external sector.

As a whole, for Jan-Nov 2022, the foreign trade balance, the main component of the balance of payments, formed the positive balance of $23.5 bn, or 2.5-fold more against Jan-Nov 2021.