Azerbaijan's foreign exchange reserves exceeded $49.11 billion as of April 1, 2021, Report informs.
The State Oil Fund of Azerbaijan (SOFAZ) was responsible for slightly over $42.76 billion or 87.1% of this volume, while the Central Bank of Azerbaijan accounted for over $6.35 billion or 12.9%.
In the first quarter of 2021, Azerbaijan's foreign exchange reserves dwindled by $816.2 million, or 1.6%. Foreign exchange reserves of SOFAZ and the CBA decreased by $803 million, or 1.8%, and $13.2 million, or 0.2%, respectively.
Over the past year, the volume of foreign exchange reserves increased by over $1.374 billion, or 2.9%. Over the year, SOFAZ's reserves showed an increase of just over $1.41 billion, or 3.4%, while the CBA observed a decrease of $37.6 million, or 0.6%.
|
Foreign exchange reserves of SOFAZ (million USD) |
Foreign exchange reserves of CBA (million USD) |
Foreign exchange reserves of Azerbaijan (million USD) |
|
|
01.04.2021 |
42,761.3 |
6,356.2 |
49,117.5 |
|
01.01.2021 |
43,564.3 |
6,369.4 |
49,933.7 |
|
01.10.2020 |
43,288.6 |
6,491.4 |
49,780.0 |
|
01.07.2020 |
43,223.3 |
6,436.3 |
49,659.6 |
|
01.04.2020 |
41 349.5 |
6,393.8 |
47,743.3 |