Baku, Azerbaijan, Apr. 13
By Azad Hasanli - Trend:
In January 2015, the reserve assets of the Central Bank of Azerbaijan (CBA) in foreign currency amounted to $7.34 billion, which is almost two times less than in January 2014, the message of the CBA said April 13.
In January 2014, the figure was $14.06 billion, according to the message.
The message said some $4.24 billion, or 57.77 percent of the total reserve assets of the Central Bank have been placed in securities ($4.07 billion, or 28.92 percent - in 2014), $1.17 billion, or 15.94 percent - in gold in January 2015.
For a period specified, some $385.2 million were on the accounts of other central banks, the Bank for International Settlements and the International Monetary Fund (IMF). The volume of these funds in January of 2015 fell by more than 25 times compared to January 2014, while the share in the total assets owned by the Central Bank amounted to 5.25 percent.
Central Bank reserves stored in foreign currency amounted to $5.95 billion as of late January, which is a 2.3 times decrease as compared with January 2014 ($13.8 billion).
Other assets of the CBA placed in foreign currency, amounted to $5.98 billion in January, which is 5.75 times higher than in 2014 ($1.04 billion).
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