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    Azerbaijan's strategic currency reserves exceed foreign debt by 5 times

    Central Bank: Storage of strategic currency reserves to the extent necessary provided

    Baku. 24 February. REPORT.AZ / In 2015, storage of Azerbaijan's strategic currency reserves to the extent necessary provided.

    Thus, last year the strategic currency reserves were sufficient for the import of goods and services for 26 months and higher than the national debt by 5.2 times.

    Report informs referring to "Overview of the monetary policy" of the Central Bank of Azerbaijan Republic (CBAR), Azerbaijan continues to occupy one of the first places in the world in respect of strategic currency reserves to GDP.

    Noted that on January 1, 2016 the foreign debt of Azerbaijan reached 6 894.3 mln USD (10 751.0 mln. AZN), external public debt to GDP ratio have made 19.8%.

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