BAKU, Azerbaijan, Dec. 2
By Nazrin Israfilova - Trend:
The foreign exchange reserves of the Central Bank of Azerbaijan (CBA) grew as of December 1 from the early 2021, Trend reports with reference to the CBA.
According to the CBA, this indicator rose by 10.2 percent reaching $7 billion (against $6.36 billion recorded as of early 2021).
At the same time, the reserves declined by $20 million (0.3 percent) compared to November this year.
Earlier the chairman of the CBA Elman Rustamov said that the strategic foreign exchange reserves of Azerbaijan exceed $52.2 billion, which indicates the stability of the national currency. He also noted that macroeconomic stability is maintained in Azerbaijan.
Besides, last week the CBA board raised the discount rate by 0.5 percent - from 6.5 to seven percent.