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CURRENCY RESERVES OF NBA GROW 16.99%

Business Materials 4 October 2005 11:47 (UTC +04:00)

The currency reserves of the National Bank of Azerbaijan (NBA) comprised $1,025,81m with a rise of 16.99%.

The NBA told Trend over three quarters of 2005 the $42.04m was remitted to the International Monetary Fund (IMF). Without consideration of expenses the currency reserves rose $191m," the NBA said.

In this period the rates of the national currency fixed by the NBA consolidated by 309 manats, or 6.3%, which enabled to end this period with an exchange rate of 4593 manats per $1.

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