Baku 21° C
Azerbaijan's strategic currency reserves near $70B
Finance
- 21 June, 2024
- 07:43
Add Report.az to preferred Google sources
Stay up to date with the top news!
In January-May of 2024, Azerbaijan's strategic currency reserves rose by $1.3 billion or 1.8% and amounted to $69.7 billion, Report informs, citing the Central Bank of Azerbaijan (CBA).
According to recent data, payment balance surplus plays a pivotal role in maintaining equilibrium in the currency market. In the first quarter of 2024, the ratio of the payment balance surplus in the current account to the Gross Domestic Product (GDP) stood at 10.1%
Author
Azərbaycanın strateji valyuta ehtiyatları 70 milyard dollara çatıb
Стратегические валютные резервы Азербайджана достигли 70 млрд долларов
Latest News
02:29
Photo
Video
Sites of Memory of Western Azerbaijan: How was Amasia, once home to Azerbaijanis, Armenianized?
Domestic policy
00:01
Six years pass since another deadly missile attack on Ganja by Armenia
Domestic policy
00:00
Today marks sixth anniversary of Fuzuli's liberation from occupation
Domestic policy
23:41
Photo
Events calling on Armenia to address mine problem held in six European countries
Foreign policy
23:13
AI agents hack systems of several companies in India
ICT
22:53
Azerbaijani weightlifter Gasim Ismayilov claims three medals at European U-23 Championships in Albania
Individual sports
22:29
NYT: White House press secretary fired after five days on the job
Other countries
22:22
European Commission to propose additional funding for Ukraine in 2027
Other countries
22:12
Trump denies involvement in Starlink slowdown in Ukraine
Other countries