Azerbaijan’s currency reserves top $20bn
Azerbaijan’s currency reserves increased by $1.8
billion in 2009, the government estimates. As of the year-end, the
figure exceeded $20bn, including the funds of the State Oil Fund
(SOFAR), the body that holds proceeds from the exports of oil,
Prime Minister Artur Rasizada told a parliamentary sitting on
Tuesday.
Rasizada said, further, that Azerbaijan received revenues worth about $430 million from the management of its currency reserves.
Also, foreign debt totaling $287.7m was repaid in 2009 on account of state budget funds.
Rasizada said, further, that Azerbaijan received revenues worth about $430 million from the management of its currency reserves.
Also, foreign debt totaling $287.7m was repaid in 2009 on account of state budget funds.
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