BAKU, Azerbaijan, Oct. 20
By Zeyni Jafarov - Trend:
The International Monetary Fund (IMF) hasn’t changed the forecast for the foreign exchange reserves of the Central Bank of Azerbaijan (CBA), Trend reports referring to the October forecast of the IMF’s Regional Economic Outlook.
According to the IMF, the CBA’s foreign exchange reserves will amount to $6.3 billion by the end of 2020, which is the same as in 2019. During 2021, the indicator of the CBA's foreign exchange reserves will also not change.
As of early September 2020, the foreign exchange reserves of the Central Bank of Azerbaijan were $6.48 billion, and in annual terms, the growth of foreign exchange reserves amounted to 8 percent (from $6 billion to $6.48 billion).
The CBA's foreign exchange reserves made up $6.25 billion as of late 2019.
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