BAKU, Azerbaijan, November 1. Azerbaijan's foreign exchange reserves amount to $66.4 billion today, Governor of the Central Bank of Azerbaijan (CBA), Taleh Kazimov said during a press conference on changes in the parameters of the discount rate, Trend reports.
"The foreign exchange reserves of the Central Bank of Azerbaijan amount to $10.5 billion today," Kazimov said.
The foreign exchange reserves of the Central Bank of Azerbaijan increased by 16.8 percent, or $1.5 billion, as of October 31 compared to the indicator at the end of 2022, by 34.67 percent, or $2.7 billion, compared to the same period last year, and on a monthly basis, the growth was 7.5 percent, or $732,800, reaching $10.5 billion.
In general, the Central Bank of Azerbaijan (CBA) lowered the discount rate on November 1 from nine to 8.5 percent, the upper limit of the interest rate corridor from 10 percent to 9.5 percent, and the lower limit from 7.5 percent to seven percent.
Stay up-to-date with more news at Trend News Agency's WhatsApp channel.