Azerbaijan, Baku, 18 June / Trend E. Aliyev /
In January-May 2013, the Central Bank of Azerbaijan (CBA) increased its foreign exchange reserves held in securities by 13.24 per cent compared to the same period last year, according to the statistical report of the Central Bank of Azerbaijan released on Tuesday.
As of late May, some 2.72 billion manat were placed in securities, or 21.8 per cent of the total foreign exchange reserves held by the Central Bank.
According to the report, 9.11 billion manat are held in depositsin the accounts of other central banks, the Bank for International Settlements and the International Monetary Fund (IMF). Their volume increased by 16.6 per cent compared to the same period in 2012, while the share of total assets held by the Central Bank increased to 73.29 per cent (72.6 per cent - in April 2012).
The total volume of foreign exchange reserves held by the Central Bank in May 2013 amounted to 12.44 billion manat, increasing by 15.51 per cent compared to the same period in 2012. The Central Bank reserves stored in foreign currency as of late May amounted to 12.2 billion manat, an increase of 1.6 billion manat in comparison with the same period of 2012.
The official exchange rate on June 18 is 0.7846 AZN / USD.