Tokyo, 20 September, /AJMEDIA/
The Central Bank of Azerbaijan (CBA) forecasts a current account surplus of the balance of payments at the level of 15 percent of GDP by the end of 2023, AJMEDIA reports.
The data from the CBA shows that maintaining a favorable external environment has played a special role in maintaining equilibrium in the foreign exchange market.
“The current account balance of payments amounted to $5.2 billion, or 14.5 percent of GDP, from January through June 2023. Under the conditions of surplus balance of payments and ongoing processes of dedollarization, supply in the foreign exchange market sharply exceeds demand,” the CBA notes.