As of January 1, 2023, Azerbaijan’s currency reserves stood at over $ 58.029 billion, Report informs.
Of this, 84.5%, or $49.033 billion, belonged to the State Oil Fund of Azerbaijan (SOFAZ), and 15.5%, or $8.995 billion to the Central Bank of Azerbaijan (CBA).
The currency stocks increased by $4.975 billion or 9.4% in the fourth quarter of 2022. SOFAZ’s reserves increased by $3.647 billion or 8%, while CBA’s stocks grew by $1.328 billion or 17.3%.
The foreign exchange reserves went up $5.928 billion or 11.4% year-on-year, with an increase of $4.008 billion or 8.9% in SOFAZ’s reserves and $1.920 billion or 27.1% in CBA’s reserves.
|
SOFAZ ($, million) |
CBA ($, million) |
Total ($, million) |
|
|
01.01.2023 |
49,033.6 |
8,995.7 |
58,029.3 |
|
01.10.2022 |
45,386.4 |
7,667.3 |
53,053.7 |
|
01.07.2022 |
45,306.8 |
7,371.9 |
52,678.7 |
|
01.04.2022 |
45,264.0 |
7,136.5 |
52,400.5 |
|
01.01.2022 |
45,025.1 |
7,075.4 |
52,100.5 |