As of April 1, 2024, Azerbaijan’s strategic currency reserves stood at $69,027,200,000, Report informs.
Of this, 83.1%, or $57,372,800,000, fell to the share of the State Oil Fund of Azerbaijan, while 16.9%, or $11,654,400,000 – to the share of the Central Bank of Azerbaijan (CBA).
In eth first quarter of 2024, the currency reserves of the country increased by $1,344,500,000, or 2%. SOFAZ foreign exchange reserves increased by $1,303,100,000, or 2.3%, and the CBA currency stocks grew by $41.4 million, or 0.4%.
Year-on-year, the country's foreign exchange reserves have increased by $6,456.6 million, or 10.3%. During the year, the foreign currency reserves of SOFAZ showed an increase of $3,935.2 million, or 7.4%, and the foreign exchange reserves of the CBA went up $2,521.4 million, or 27.6%.
|
SOFAZ currency reserves, (million, $) |
CBA currency reserves (million, $) |
Azerbaijan’s strategic currency reserves (million, $) |
|
|
01.04.2024 |
57,372.8 |
11,654.4 |
69,027.2 |
|
01.01.2024 |
56,069.7 |
11,613.0 |
67,682.7 |
|
01.10.2023 |
55,524.0 |
9,775.3 |
65,299.3 |
|
01.07.2023 |
54,915.1 |
9,195.9 |
64,111.0 |
|
01.04.2023 |
53,437.6 |
9,133.0 |
62,570.6 |