15.08.2016 - Volume of Azerbaijan’s strategic currency reserves revealed
The strategic currency reserves of Azerbaijan have exceeded the external debt of the country by 4.4 times and amounted to more than $38.3 billion in the first half of 2016, the Central Bank of Azerbaijan (CBA) reported. Assets of the State Oil Fund (SOFAZ) totaled $35.1 billion as of July, 1 facing an increase of 4.6 percent as compared to the rate of $33.57 billion in early 2016. Strategic reserves falling to a share of the CBA hit roughly $ 4,284 billion facing a decrease of 17.02 percent within the first half of 2016...............................................Full Article: Source
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