Azerbaijan increases currency reserves by over 4% year-on-year

Azerbaijan increases currency reserves by over 4% year-on-year As of January 1, 2022, the currency stocks of Azerbaijan stood at $52,100.5 million, Report informs.
Finance
January 19, 2022 10:13
Azerbaijan increases currency reserves by over 4% year-on-year

As of January 1, 2022, the currency stocks of Azerbaijan stood at $52,100.5 million, Report informs.

Of this, 86.4% or $45,025.1 million belonged to the State Oil Fund of Azerbaijan (SOFAZ), 13.6% or $7,075.4 million – to the Central Bank of Azerbaijan (CBA).

In the fourth quarter of 2021, the currency reserves increased by $840.3 million or 1.6%. SOFAZ’s reserves rose by $798.7 million or 1.8%, while the CBA’s stocks went up $41.6 million or 0.6%.

Year-on-year, the foreign exchange reserves grew by $2,166.8 million or 4.3%. SOFAZ’s reserves increased by $1,460.8 million or 3.4%, CBA stocks rose by $706 million or 11.1%.

SOFAZ currency reserves (US dollar, mln.)

CBA currency reserves

(US dollar, mln.)

Azerbaijan’s currency reserves

(US dollar, mln.)

01.01.2022

45,025.1

7,075.4

52,100.5

01.10.2021

44,226.4

7,033.8

51,260.2

01.07.2021

44,104.9

6,455.3

50,560.2

01.04.2021

42,761.3

6,356.2

49,117.5

01.01.2021

43,564.3

6,369.4

49,933.7

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