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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan’s Central Bank increases foreign exchange reserves in Q1

Posted on 20 June 2013

The Central Bank of Azerbaijan (CBA) increased its foreign exchange reserves held in securities by 13.24 percent in January to May 2013 compared to the same period of last year, the CBA’s statistical report released on Tuesday says.
As of late May, some 2.72 billion manat or 21.8 percent of the total foreign exchange reserves held by the Central Bank were placed in securities. According to the report, 9.11 billion manat are held in deposits in the accounts of other central banks, the Bank for International Settlements and the International Monetary Fund……………………………………….Full Article: Source


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