Azerbaijan's foreign exchange reserves grew by 0.6% for Q1 of 2022

11:38 - 19.04.2022

April 19, Fineko/abc.az. Azerbaijan's foreign exchange reserves as of 1 April 2022 amounted to $52.4 bn.

ABC.AZ reports that of them, 86.4% or $45.26 bn accounted for the State Oil Fund (SOFAZ), and 13.6% or $7.136 bn for the Central Bank of Azerbaijan (CBA).

In the 1st quarter of 2022, the country's foreign exchange reserves increased by $300 million or 0.6%.

Thus, SOFAZ's foreign exchange reserves grew by $238.9 million or 0.6%, while CBA's foreign exchange reserves by $61.1 million or 0.9%.