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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan’s official reserve assets exceed $10.907 bln

Posted on 25 July 2012

The Central Bank of Azerbaijan reports of further moderate sustained growth of official reserve assets in 2012. The Bank informs that official reserve assets from January to July rose from $10.145 bn up to $10.907 bn. Foreign exchange reserves grew for Jan-June 2012 from $9.91 bn up to $10.669 bn and finances invested in securities from $1.86 bn up to $3.644 bn.
By 1 July 2012 Azerbaijan’s official reserve assets were estimated lower than 25% of its strategic foreign exchange reserves (about $44 bn)………………………………………..Full Article: Source


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