BAKU, Azerbaijan, March 1. The Central Bank of Azerbaijan's (CBA) foreign currency reserves amounted to $11.65 billion on February 29, 2023, Trend reports, referring to CBA.
CBA calculates that this is 0.11 percent or $13.3 million more than the figure of the previous month and 28.82 percent higher than the figure for the same period of 2023.
According to the regulator, the CBA's foreign exchange reserves stood at $9.04 billion as of February 28, and $11.6 billion as of January 31, 2023.
The CBA data shows that Azerbaijan's strategic foreign exchange reserves increased by 17 percent and reached $68.5 billion in 2023.