TODAY.AZ / Business

Azerbaijan has $ 988,46 million of currency reserves

05 July 2005 [09:50] - TODAY.AZ
The currency reserves of Azerbaijan increased 12,73 % during the six month of this year and formed 988.46 million USA dollars.
This was informed to APA from the press-service of the National Bank. The currency reserves of Azerbaijan formed 878.88 million USA dollars in the beginning of the year; this amount increased $ 109.58 million in January-June. 26.7 million USA dollars were spent for paying the credits and credit percents obtained from the International Currency Fund during the mentioned period.

So, relative growth of the currency reserves in 2005 formed $ 138.37 million. Growth mainly occurred on the account of the non-emission channels.

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