Azeri central bank’s currency reserves top $7.1bn
BAKU – Currency reserves of Azerbaijan Central Bank (ACB) increased 11 percent in the first eight months of 2011 to exceed $7.11 billion.
In August alone, the figure rose by 0.57 percent, or $40.4 million, according to the bank.
As of the end of 2010, ACB’s currency reserves made up over $6.4bn, 24.1 pct over 2009.
ACB predicts that the reserves may reach $8bn by the end of this year.
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