Currency reserves hit $15.5bn
Azerbaijan`s currency reserves have reached $15.5 billion.
The funds, kept at the National Bank of Azerbaijan (NBA), reached $5.3bn by September 1, a 32.4% increase over January 2008, a source from the central bank said.
Assets of the State Oil Fund, which holds Azerbaijan`s oil revenues, have reached $10.216bn. Thus, currency reserves of the Fund, which made up $2.5bn in early 2008, quadrupled over eight months due to the expanding operation and exports of the country`s hydrocarbons.
The funds, kept at the National Bank of Azerbaijan (NBA), reached $5.3bn by September 1, a 32.4% increase over January 2008, a source from the central bank said.
Assets of the State Oil Fund, which holds Azerbaijan`s oil revenues, have reached $10.216bn. Thus, currency reserves of the Fund, which made up $2.5bn in early 2008, quadrupled over eight months due to the expanding operation and exports of the country`s hydrocarbons.
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!