Azerbaijan, Baku, 24 May / Trend, E. Aliyev /
Over the past year, the Central Bank of Azerbaijan (CBA) has increased its foreign exchange reserves held in securities by 26.22 percent, a statistical report of the Central Bank released on Friday says.
As of late April, some 3.12 billion manat were in securities (or 25.2 percent of the total foreign exchange reserves held by the Central Bank). The share of securities in the total amount of foreign exchange reserves held by the Central Bank increased from 22.77 percent to 25.2 percent.
8.59 billion manat are deposited in the accounts of other central banks, the International Development Bank (IDB) and the International Monetary Fund (IMF). Their volume increased by 9.7 percent compared to the same period in 2012, while the share in the total assets held by the Central Bank declined to 69.48 percent (72.1 per cent - in April 2012).
Total volume of foreign exchange reserves held by the Central Bank amounted to 12.36 billion manat in April 2013, increasing by 13.88 percent compared to the same period in 2012. The Central Bank's reserves deposited in foreign currency amounted to 12.12 billion manat as of late April, increasing by 1.5 billion manat in comparison with the same period in 2012.
The official exchange rate on May 24 is 0.7846 AZN / USD.