CBA's currency reserves reaches historic rate

The Central Bank of Azerbaijan (CBA) has announced that its currency reserves almost reached new psychological mark for $11 bn.

In particular, this April’s rise of CBA currency reserves totaled 1.16% against March 2012 and 4.49% against early 2012. In 2011 Bank’s currency reserves grew by 63.6% or $4.07 bn – an absolute record for the CBA.

The CBA reports that as of 1st May 2012 its currency reserves totaled $10.951 bn (absolute maximum) versus $ 10.825 bn by 1 April, $10.769 bn by 1 March, $10.583 bn by 1 February 2012, $10.48 bn by 1st January 2012, $6.407 by 1st January 2011, $5.175 bn by 1st January of 2010 and $6.137 bn by 1st January 2009.

The CBA announced the forecast of currency reserves growth up to $12 bn for 2012.


/abc.az/