AzerbaijanвЂ™s monetary reserves grow by 24.44%
AzerbaijanвЂ™s monetary reserves over 3rd quarter 2005 grew by 24.44%. In accordance with the results of the accounting period, the monetary reserves increased up to $2,298,81m against $1,847,36m in 2004, Trend reports.
According to the State Oil Fund of Azerbaijan, over same period the assets of the Fund made up $1,273m against $970.5m in 2004. The growth comprised 31.17%.
According to the National Bank of Azerbaijan, over 3rd quarter 2005 the monetary reserves of the bank reached $1,025,81m against $876,86m in early 2005. The growth made up 16.99%.