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Azerbaijan's strategic reserves grow by $2.5bn

Business Materials 6 April 2006 15:08

Azerbaijans monetary reserves at the disposal of the National Bank of Azerbaijan (NBA) comprised $1,026,56m as compare early 2006, NBA told Trend. The amount of monetary reserves reached $961,71m in early 2006.

$15,04m was directed from monetary reserves to fulfillment of liabilities on main debt and percentages of loans of the International Monetary Fund (IMF) over January to February. Thus, the comparative monetary reserves growth made up $79,89m.

Azerbaijans monetary reserves at the disposal of the National Bank of Azerbaijan (NBA) comprised $1,026,56m as compare early 2006, NBA told Trend. The amount of monetary reserves reached $961,71m in early 2006.

$15,04m was directed from monetary reserves to fulfillment of liabilities on main debt and percentages of loans of the International Monetary Fund (IMF) over January to February. Thus, the comparative monetary reserves growth made up $79,89m.

According to Samir Sharifov, the head of the State Oil Fund of Azerbaijan (SOFAR), the strategic reserves at the disposal of the fund comprised $2,526,56m, including $1.5bn assets of SOFAR, on the results of 1st quarter 2006.

According to Samir Sharifov, the head of the State Oil Fund of Azerbaijan (SOFAR), the strategic reserves at the disposal of the fund comprised $2,526,56m, including $1.5bn assets of SOFAR, on the results of 1st quarter 2006.

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