17:13 - 17.06.2022

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June 17, Fineko/abc.az. The surplus balance of payments contributes to the growth of the country's strategic foreign exchange reserves, ABC.AZ reports with reference to CBA.

Azerbaijan's strategic currency reserves increased by 1.9% to $54.2 bn for the reported term, and that is a record figure.

In the 1st quarter of 2022, surplus of 22.5% of GDP was recorded on the current account.

According to forecasts, large surplus of the current account balance is expected by the end of this year.

This strengthens the equilibrium in the foreign exchange market and the main anchor of price stability.