CBA: Trade balance surplus amounts to 19% of GDP in Azerbaijan (UPDATE)
Details added (first version posted on 11:43)
Baku, Azerbaijan, Oct. 30
By Taleh Mursagulov - Trend:
In the first nine months of 2018, the trade balance surplus in Azerbaijan was 19 percent of the GDP, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at a press conference in Baku on Oct. 30.
Rustamov stressed that export of the non-oil goods in January-September 2018 increased by 13 percent compared to the same period of 2017.
Moreover, he stressed that the sharp decline in exchange rates of Azerbaijan’s trading partners did not have a significant impact on the country's foreign trade balance.
Rustamov added that Azerbaijan’s strategic currency reserves reached $45 billion.
The CBA forecasts that positive trends will continue until the end of 2018.