Central Bank Lost its currency reserves by 8.0 % in January 2015

Central Bank Lost its currency reserves by 8.0 % in January 2015 Caused by oil price decline in the world market, Central Bank’s intervention costs have decreased since August 2014 in Azerbaijan- Center for Economic and Social Development (CESD) reports. Central Bank Azerbaijan Republic’s (CBAR) currency reserves haven declined to $ 12.681 billion US since the world oil price dropped. CBAR’s currency reserves have decreased by around $ 4.0 billion US since oil price dropped.... Read More