BAKU, Azerbaijan, June 3. The foreign exchange reserves of the Central Bank of Azerbaijan (CBA) amounted to $11.713 billion on May 31, 2024, Trend reports.
According to calculations based on CBA data, this is 0.45 percent, or $52.9 million, more than the figure of the previous month and 27.66 percent higher than the figure for the same period in 2023.
CBA foreign exchange reserves stood at $9.175 billion as of May 31, 2023, and $11.66 billion as of April 30, 2024.
To note, CBA estimates that by the end of 2023, Azerbaijan's strategic foreign exchange reserves have grown to $68.5 billion, a growth of 17 percent.