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Azerbaijan’s foreign exchange reserves increase

Tokyo, 04 September, /AJMEDIA/

The foreign exchange reserves of the Central Bank of Azerbaijan (CBA) amounted to $9.36 billion as of August 31, 2023, AJMEDIA reports.

According to calculations based on CBA data, this is 1 percent ($120 million) more and 24 percent higher year-on-year.

According to the CBA, the foreign exchange reserves stood at $7.5 billion on August 31, 2022, and $9.2 billion on July 31, 2023.The CBA’s foreign exchange reserves amounted to $9 billion in 2022, which was $1.9 billion (27 percent) more than in 2021.

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