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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan’s strategic currency reserves top $40bln

Posted on 23 September 2011

Azerbaijan is enjoying macroeconomic stability with increasing strategic currency reserves, Economic Development Minister Shahin Mustafayev has said.
“On 1 September, Azerbaijan’s strategic currency reserves exceeded $40 billion, which is eight times larger than the republic’s foreign debt. Azerbaijan’s foreign debt at present constitutes 7% of the country’s GDP,” the minister said……………………………………….Full Article: Source


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