Azerbaijan's foreign debt reaches $5.01B, 85% in US dollars

As much as 85.1% of Azerbaijan's foreign state debt, which amounted to $5.01 billion as of July 1, was in US dollars, Report informs, citing the country's Ministry of Finance.

According to the ministry, the debt composition consists of 6.5% in euros, 3.4% in Special Drawing Rights (SDRs) of the International Monetary Fund (IMF), 3.3% in Japanese yen, and 1.7% in other currencies.

Obligations with variable interest rates account for 49.3% of the foreign debt, while those with fixed rates represent 50.7%.

The bank said that 49.9% of the foreign state debt must be repaid within 5 years, 44.1% within 5 to 10 years, and 6% within a period exceeding 10 years.