Azerbaijani Central Bank’s foreign exchange reserves increase by 12%
Azerbaijan, Baku, Jan. 10 / Trend, A. Akhundov /
Foreign exchange reserves at the Azerbaijani Central Bank (CBA) were $11.694.75 million at the end of 2012, the Central Bank of Azerbaijan said today.
The Central Bank's reserves increased by 11.6% or by 1.213 million during 2012.
CBA Deputy Chairman Avtandil Babayev told the media earlier that the Central Bank of Azerbaijan plans to increase foreign exchange reserves at its disposal up to $15 billion by late 2013.