Taleh Kazimov: Our strategy - foreign exchange reserves increased by 13.2%

17:26 - 2.11.2023


November 2, Fineko/abc.az. In 10 months, our strategic foreign exchange reserves have increased by 13.2%.

ABC.AZ reports that Central Bank’s chairman Taleh Kazimov informed about this during the discussion of Draft State Budget 2024 by the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship.

He said that by the end of 2023, GDP is projected to grow by 1.5%: "Food inflation was 4.5%, non-food inflation was 5.9%. Annual core inflation decreased in September. The central bank tried to reduce inflation within its powers."