Baku, Azerbaijan, March 7
By Emin Aliyev - Trend:
Some $3.55 billion or 25.71 per cent of the total reserve assets of the Central Bank of Azerbaijan (CBA) in foreign currency were placed in securities in January, 2014, CBA's statistical report said on March 7.
For comparison: in the same period of 2013 some $4.09 billion out of CBA's total foreign exchange reserves were placed in securities.
According to the report, some $9.64 billion are on the accounts of other central banks, the Bank for International Settlements and the International Monetary Fund (IMF). Their volume increased by 35.58 per cent compared to the same period in 2013, while the specific weight of total assets held by the Central Bank amounted to 69.86 per cent.
As of January 2014, Azerbaijani Central Bank's total reserve assets in foreign currency amounted to $13.8 billion, increasing by 17.26 per cent, compared to the same period of 2013. As of late January, Central Bank's reserves kept in foreign currencies amounted to $13.56 billion, increasing by 17.67 per cent, compared to the same period of 2013 ($11.52 billion).
Official exchange rate on March 7 is 0,7844 AZN / USD.
Translated by S.I.