Azerbaijan’s strategic foreign exchange reserves reached almost $70 billion – 2024-04-23 02:42:09

by times news cr

2024-04-23 02:42:09

As of April 1, 2024, Azerbaijan‘s foreign exchange reserves amounted to 69 billion 027.2 million US dollars.

As Day.Az reported on Saturday, 83.1%, or 57 billion 372.8 million US dollars, falls on the State Oil Fund of Azerbaijan (SOFAZ), and 16.9%, or 11 billion 654.4 million US dollars – to the share of the Central Bank of Azerbaijan (CBA).

In the first quarter, the country’s foreign exchange reserves increased by 1 billion 344.5 million US dollars, or 2%. Thus, SOFAZ foreign exchange reserves increased by 1 billion 303.1 million US dollars, or 2.3%, and the Central Bank – by 41.4 million US dollars, or 0.4%.

Over the past year, the country’s foreign exchange reserves showed an increase of 6 billion 456.6 million US dollars, or 10.3%. Over the year, SOFAZ foreign exchange reserves increased by 3 billion 935.2 million US dollars, or 7.4%, and foreign exchange reserves of the Central Bank – by 2 billion 521.4 million US dollars, or 27.6%.

SOFAZ foreign exchange reserves,

in million dollars

CBA foreign exchange reserves,

in million dollars

Azerbaijan’s strategic foreign exchange reserves,

in million dollars

01.04.2024

57 372,8

11 654,4

69 027,2

01.01.2024

56 069,7

11 613.0

67 682,7

01.10.2023

55 524,0

9 775,3

65 299,3

01.07.2023

54 915,1

9 195,9

64 111,0

01.04.2023

53 437,6

9 133,0

62 570,6

You may also like

Leave a Comment