Azerbaijan's Central Bank says its foreign currency reserves declined by $1.19 billion month-on-month in August to $7.32 billion.
The holdings fell 14 pecent from $8.5 billion in July.
The reserves fell 51.8 percent year-on-year from 15.2 billion a year earlier.
Azerbaijan is the third-largest oil producer in the former Soviet Union, with crude oil accounting for 95 percent of total exports.
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