Central bank currency down $1.2bn
The currency reserves of Azerbaijan`s Central Bank
have decreased 18.5% this year, falling to less than $5 billion as
of late August, compared to $6.137 billion posted in January.
Despite the $1.2bn reduction, the figure increased $214.2 million, or 4.5%, in August. The Central Bank estimates that its currency reserves may reach $5.5bn by 2010.
Despite the $1.2bn reduction, the figure increased $214.2 million, or 4.5%, in August. The Central Bank estimates that its currency reserves may reach $5.5bn by 2010.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
Subscribe
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!