Azerbaijan’s strategic foreign exchange reserves exceed $53 billion

From January through August this year, Azerbaijan’s strategic foreign exchange reserves rose by $2.4 billion or 4.8% to $53.2 billion, Report informs.

According to the information, during the reporting period, the foreign exchange reserves of the Central Bank of Azerbaijan grew by 10.6%, to over $7 billion.

The inflow of funds allocated to Azerbaijan within the quota during the distribution of the International Monetary Fund’s SDR (Special Drawing Rights) played an essential role in the growth of foreign exchange reserves.