BAKU, Azerbaijan, March 18. Azerbaijan's strategic foreign exchange reserves from January through February 2022 increased by 0.4 percent and amounted to $53.4 billion, the Central Bank of Azerbaijan (CBA) told Trend.
The CBA's gold and foreign exchange reserves increased by 1.2 percent - up to $7.2 billion.
According to the CBA, rising global prices for major export commodities increase the likelihood of a double-digit surplus in Azerbaijan's balance of payments against GDP by the end of 2022.
Besides, against the backdrop of global events, exports of non-oil goods and services, as well as the volume of remittances and the dynamics of investments in the non-oil sector are also expected to grow.