New decline in Azerbaijani Central Bank’s reserves: A message for next devaluation?

New decline in Azerbaijani Central Bank’s reserves: A message for next devaluation? The Central Bank of Azerbaijan (CBA) lost $1,186 billion US of its foreign currency reserves in August 2015 due to high demand for foreign currencies. CBA’s foreign currency reserves declined to $ 7315.4 billion US in August 2015 from $ 8501.5 billion US in July 2015. Meanwhile, slightly decline was registered in July 2015 compared with June 2015 since CBA’s foreign currency reserves declined... Read More