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Central Bank of Azerbaijan’s monetary reserves exceed $11 bln

Business Materials 4 July 2012 11:23 (UTC +04:00)

Azerbaijan, Baku, July 4 / Trend /

The official monetary reserves of the Central Bank of Azerbaijan (CBA) increased by $564.8 million (5.4 per cent) in the second quarter of 2012, the CBA said on Wednesday. According to the CBA, the monetary reserves of the bank amounted to $11.046.3 billion as of July 1, 2012.

In 2010, the CBA's reserves amounted to $6.407.6 billion, and in 2011 - $10.481.5 billion.

In 2012, the Central Bank expects about $3-billion increase in its monetary reserves.

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