Azerbaijan’s strategic foreign exchange reserves revealed

Azerbaijan’s strategic foreign exchange reserves increased by 1.8% to $54.2 billion in the first half of 2022, Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at the online press conference, Report informs.

“Amid a surplus balance of payments, strategic foreign exchange reserves continue to grow. It creates the basis for the balance of the foreign exchange market in the medium and long term,” Kazimov noted.