BAKU, Azerbaijan, June 16.Azerbaijan’s
strategic currency reserves increased by $117.4 million to $85.2
billion by the end of the first quarter of this year, according to
the Central Bank of Azerbaijan, Trend’s correspondent reports from the briefing.
Samir Nasirov, Director of the Statistics Department at the
Central Bank of Azerbaijan (CBA), made the remarks during a
presentation on the country’s balance of payments.
According to Nasirov, the realized portion of the country’s
reserve assets declined by around $300 million over the period.
However, he said total strategic currency reserves still rose by
$117.4 million from the beginning of the year through the end of
the first quarter, reaching $85.2 billion.
He added that the scale of Azerbaijan’s strategic reserves
reflects strengthened macroeconomic stability and expanding
financial resources.
