Azerbaijan's strategic currency reserves exceed $54B

19:00 | 17.06.2022
Azerbaijan's strategic currency reserves exceed $54B

Azerbaijan's strategic currency reserves exceed $54B

The balance of payments (BoP) with a surplus contributes to the growth of the country's strategic foreign exchange reserves, and in the first 5 months of 2022, strategic currency reserves increased by 1.9% to $ 54.2 billion, reported from the Central Bank of Azerbaijan (CBA). 

According to the Bank, the improvement of foreign sector indicators supports the balance of the foreign exchange market for the current and medium-term.

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