Fri, Sep 19, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan Central Bank foreign exchange reserves to grow up to $15 bln in 2013

Posted on 18 December 2012

The Central Bank of Azerbaijan has announced a change in its forecast of foreign exchange reserves for 2013. CBA deputy chairman Aftandil Babayev says that in 2012, as it was expected, the Bank’s currency reserves will reach $12 bn.
“They are expected to grow up to $15 bn by the end of 2013,” Babayev said. In 2012, the Bank is expected to conduct manat interventions and buy $2 bn from the market, and in 2013 they will amount to $15 bn………………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 14769 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930