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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Azerbaijan’s strategic currency reserves exceed foreign debt more than 8-fold

Posted on 19 October 2011

The revenues of the state budget of Azerbaijan increased threefold in 1995-2003 thanks to expedient measures. The revenues displayed an increase of 9.3 times in 2010 compared to 2003.
The statement came from Economic Development Minister of Azerbaijan Shahin Mustafayev in his article “The national model of socio-economic development” published in Azerbaijan newspaper……………………………………….Full Article: Source


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