Azerbaijan’s strategic foreign exchange reserves reach $60B 

In the context of a surplus in the balance of payment, Azerbaijan’s strategic foreign exchange reserves increased by 12.3% or $6.5 billion to $59.8 billion in January-November 2022, Report informs, citing the statement of the Central Bank of Azerbaijan on main directions of the monetary policy for 2023.

Over the past 9 months, the current account of the balance of payments showed a surplus of 30.7% of GDP. Over 11 months of 2022, the foreign trade balance surplus increased by 2.5 times compared to the same period last year and amounted to $23.5 billion.