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Foreign currency reserves drop nearly $3 bln in Azerbaijan
Finance
- 14 February, 2017
- 08:09
Baku. 14 February. REPORT.AZ/ Total volume of foreign currency reserves amounted to $37 121.4 mln as of January 1, 2017.
Report informs, 89.29% or $33.147 bln accounted for the State Oil Fund of Azerbaijan (SOFAZ) and $3 974,4 mln for Central Bank of Azerbaijan (CBA).In the fourth quarter of last year foreign exchange reserves decreased by 833,4 mln USD or 7,09% 2. In the last three months Fund's reserves decreased by 2 675,1 mln USD or 7.47% , while Central Bank's reserves fell by 158.3 mln USD or 3.83%.
Notably, in 2016, total foreign exchange reserves decreased by 1 469,4 mln USD 3.81%.
| Fund's foreign currency reserves (mln $) | Central Bank's foreign currency reserves(mln $) | Azerbaijan's total foreign currency | |
| 01.01.2017 | 33 147,0 | 3 974,4 | 37 121,4 |
| 01.10.2016 | 35 822,1 | 4 132,7 | 39 954,8 |
| 01.07.2016 | 35 117,9 | 4 283,9 | 39 401,8 |
| 01.04.2016 | 34 246,0 | 4 065,8 | 38 311,8 |
| 01.01.2016 | 33 574,1 | 5 016,7 | 38 590,8 |
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