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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan currency reserves had a fall of $2.5 bln

Posted on 19 June 2009

From Abc.az: The Central Bank (CB) of Azerbaijan running payment balance statistics reports that for the 1st quarter of 2009 country’s strategic currency reserves slumped by 13.5% against rise of 2.5-fold in 2008 and 68.9% in 2007.

For the reported period they formed from assets of State Oil Fund of Azerbaijan ($10.512 bn), currency deposits of the Finance Ministry ($375 million) and overall currency reserves of the NB ($5.159 bn)………Full Article: Source


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