Azerbaijan`s strategic currency reserves exceed external debt 3-fold

15:44 - 26.11.2018


November 26, Fineko/abc.az. The Central Bank of Azerbaijan (CBA) reports about the impact on the dynamics of foreign exchange reserves amid positive processes in the external sector.

According to the CBA monetary policy overview, over Jan-Sept 2018 country`s strategic foreign exchange reserves amounted to $45.1 bn.

"Foreign exchange reserves are sufficient for import of goods and services for 32 months. The size of foreign exchange reserves exceeded the country`s external debt by 3 times," the overview says.