Volume of strategic currency reserves of Azerbaijan revealed

Volume of strategic currency reserves of Azerbaijan revealed
As of April 1, 2021, Azerbaijan's strategic currency reserves made up USD 49 117,5 mln., according to calculations of APA-Economics on the basis of information of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and Central Bank of Azerbaijan (CBA).

Reserves made up 115.3% of the GDP of 2020.

Note that according to forecasts of the Asian Development Bank, Azerbaijan's currency reserves increasing by 0.4% will amount to USD 50.1 bln. until the end of this year.

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