BAKU, Azerbaijan, Dec. 2
By Zeyni Jafarov – Trend:
The currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $6.4 billion in early December 2020, Trend reports citing CBA's data.
Since the beginning of the year, the CBA’s foreign exchange reserves have increased from $6.2 billion by 2.45 percent. On an annualized basis, foreign exchange reserves increased from $6.2 billion by 3.7 percent.
During November, the CBA's foreign exchange reserves decreased by 0.9 percent or $56.3 million.
The money supply in manat in early November amounted to 11.8 billion manat ($6.9 billion), which is 2.9 percent less than at the end of 2019. On an annual basis, the increase in the money supply was 10.6 percent.
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