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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan’s strategic reserves reached $20.4 bln

Posted on 20 January 2010

From Abc.az: Yesterday at the session chaired by President Ilham Aliyev the Azerbaijani government summarized results of country’s socio-economic development in 2009. President Aliyev stated that today country’s currency reserves totaled $20.4 bn.

“This is a big sum to allow us to feel ourselves very confident in the future as well. We don’t need any assistance and live at our own expense. If to take into account that due to measures taken in 2010 it will be carried out large work and I am sure that following 2010 our currency reserves will grow,” he said……………………………….Full Article: Source

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