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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Foreign currency reserves of Azerbaijan Central Bank fall by $101.1 mln

Posted on 05 March 2010

From Abc.az: Decline of currency reserves of the Central Bank of Azerbaijan (CBA) continued in 2010. In January to February, CBA lowered own currency reserves by $101.1 million. During the whole last year the Bank lost 15.7% or $961.4 million of own currency reserves.

CBA reports that on 1st March 2010 its currency reserves totaled $5.07 bn versus $5.139 bn on 1st February, $5.175 bn on 1st January 2010 and $6.137 bn on 1st January of 2009……………………………………..Full Article: Source

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