Azerbaijan, Baku, Jan. 10 / Trend /
Official foreign exchange reserves in the Azerbaijani Central Bank (CBA) in 2011 increased by 63.6 per cent, amounting to $10.481.5 billion, the CBA said on Tuesday.
"The Central Bank's foreign exchange reserves increased by $4.073.9 billion in 2011," a statement said.
As of January 1, 2011, the foreign exchange reserves amounted to $6.407.6 billion and at July 1 - $6.947.5 billion. The Central Bank expects a significant increase in foreign reserves in 2012.
"The CBA foreign exchange reserves are expected to increase by $3 billion in 2012," CBA deputy chairman Aftandil Babayev said earlier.