Azerbaijani Central Bank sees growth in currency reserves
By Trend
Currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5,622.5 million by the end of December 2018, which is $287.9 million (5.4 percent) more than in the same period of 2017, according to statistical data posted on the CBA website Jan. 10, Trend reports.
CBA's reserves increased by $31.6 million during December.
Currency reserves of CBA increased by $1.36 billion or 34.2 percent in 2017.
Presently, CBA itself manages most of the currency reserves. CBA added that foreign managers can also participate in this process.