Azerbaijan's strategic foreign exchange reserves grew by 1.8%

12:16 - 21.06.2024

June 21, Fineko/abc.az. Over Jan-May 2024, Azerbaijan's strategic foreign exchange reserves reached $69.7 bn.

ABC.AZ reports with reference to the CBA that Azerbaijan's strategic foreign exchange reserves increased by $1.3 bn or 1.8% in 5 months.

According to the CBA, the balance of payments surplus plays a crucial role in maintaining the balance in the foreign exchange market.

In the first quarter of 2024, the ratio of the current account surplus of the balance of payments to GDP was 10.1%.