• $ 1.7
  • € 1.94
  • ₽ 0.021438
  • ₺ 0.0432
  • £ 2.3031

Central Bank discloses composition of Azerbaijan’s foreign exchange reserves

Central Bank discloses composition of Azerbaijan’s foreign exchange reserves
05.06.2025 12:00

The Central Bank of Azerbaijan (CBA) has disclosed the composition of its foreign exchange reserves as of the end of 2024.

According to the CBA, 87% of the reserves were held in U.S. dollars, 3% in euros, 2% in Chinese yuan, 1% in British pounds, and 7% in Special Drawing Rights (SDRs) of the International Monetary Fund.

The reserves were managed by dividing them into an operational tranche supporting monetary policy and an investment tranche aimed at maximizing returns. The management strategy involved investing in sovereign and quasi-sovereign bonds with investment-grade credit ratings, alongside cooperation with external asset managers.

The Central Bank noted that reserves were managed in a high-yield strategy amid heightened geopolitical and geoeconomic uncertainties, with efforts also made to increase investments in alternative currencies.

Similar news
Similar news
Another “Zero Waste” solidarity marathon dedicated to World Environment Day – June 5
Business 15:20
Another “Zero Waste” solidarity marathon dedicated to World Environment Day – June 5
882 counterfeit banknotes withdrawn from circulation in 2024
Business 15:09
882 counterfeit banknotes withdrawn from circulation in 2024
Oil falls as Saudi Arabia pushes for faster OPEC+ output increases
Business 14:04
Oil falls as Saudi Arabia pushes for faster OPEC+ output increases
Azerbaijani oil price drops 2%
Business 13:30
Azerbaijani oil price drops 2%
Azerbaijani banks sharply increased transactions on Bloomberg platform and REPO market
Business 13:00
Azerbaijani banks sharply increased transactions on Bloomberg platform and REPO market
Central Bank discloses composition of Azerbaijan’s foreign exchange reserves
Business 12:00
Central Bank discloses composition of Azerbaijan’s foreign exchange reserves
Bayraktar and Azerbaijan launch joint high-tech projects
Business 11:03
Bayraktar and Azerbaijan launch joint high-tech projects
Azerbaijan urges EU to sign long-term contracts to boost gas supplies
Business 10:30
Azerbaijan urges EU to sign long-term contracts to boost gas supplies
TAP: Azerbaijani gas strengthens EU energy security
Business 10:00
TAP: Azerbaijani gas strengthens EU energy security
Anews TV

Our official Youtube channel

Subscribe