As of January 1 of this year, Azerbaijan's foreign exchange reserves amounted to $67,682.7 million, Report informs.
Of this, 82.8%, or $5,069.7 million, fell to the share of the State Oil Fund (SOFAZ) and 17.2%, or $11,613 million, to the Central Bank of Azerbaijan (CBA).
In the fourth quarter of last year, the country's foreign exchange reserves increased by $2,383.4 million, or 3.6%. Thus, the foreign exchange reserves of SOFAZ increased by $545.7 million, or 1%, and the foreign currency reserves of the CBA increased by $1,837.7 million, or 18.8%.
Over the past year, the country's foreign exchange reserves have increased by $9,653.4 million, or 16.6%. During the year, the foreign currency reserves of SOFAZ showed an increase of $7,036.1 million, or 14.3%, and the foreign currency reserves of the CBA - $2,617.3 million, or 29.1%.
|
SOFAZ’s currency reserves (USD, million) |
CBA's foreign exchange reserves (USD, million) |
Azerbaijan's currency reserves (USD, million) |
|
|
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 |
|
01.01.2023 |
49,033.6 |
8,995.7 |
58,029.3 |