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Azerbaijan's strategic foreign exchange reserves multiply - deputy minister

Economy Materials 18 November 2024 15:02 (UTC +04:00)
Azerbaijan's strategic foreign exchange reserves multiply - deputy minister
Elchin Mehdiyev
Elchin Mehdiyev
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BAKU, Azerbaijan, November 18. Azerbaijan's financial safety net, strategic foreign exchange reserves, grew by 1.6 times from 2019 to November 1, 2024, reaching $73 billion, the country's Deputy Minister of Economy Samad Bashirli said during a meeting of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship on the draft law "On the state budget of Azerbaijan for 2025" today, Trend reports.

He pointed out that in recent years, a high degree of economic transparency has been observed.

“Since the beginning of 2019, the number of employment contracts has increased to 470,000, including in the non-oil and private sectors—to 446,000. This also means significant transparency of the labor market,” the official added.

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