Taleh Kazimov: Strategic reserves cover 40 months of imports

Azerbaijan's strategic foreign exchange reserves increased by $0.7 billion, or 0.8%, in January-June this year, reaching $85.8 billion, Azerbaijan Central Bank Governor Taleh Kazimov said during a press conference held today, Report informs.

"These reserves are sufficient to cover 40 months of imports and exceed the broad money supply (M2 aggregate) by 3.4 times," he said.