Foreign currency reserves drop nearly $3 bln in Azerbaijan

Foreign currency reserves drop nearly $3 bln in Azerbaijan The reserves of SOFAZ and Central Bank reduced in the Q IV 2016
Finance
February 14, 2017 12:09
Foreign currency reserves drop nearly $3 bln in Azerbaijan

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
resources (mln $)

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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