$ 1,073 billion US: Central Bank of Azerbaijan’s Monthly Intervention Cost

$ 1,073 billion US: Central Bank of Azerbaijan’s Monthly Intervention Cost Azerbaijan’s currency reserves have been dramatically declined in the last couple of months The Central Bank of Azerbaijan’s (CBA) intervention cost was $ 1,073 billion US in April 2015. Bank’s total currency reserves declined to $ 8,397 billion US in April 2015 since it was $ 9.47 billion US previous month. Reminded here that CBA’s currency reserves were $11.004... Read More

SOCAR oil export declined by 4,0 %

SOCAR oil export declined by 4,0 % State Oil Company of Azerbaijan (SOCAR) exported 8,392m tonnes of oil via the Baku-Tbilisi-Ceyhan pipeline (BTC) in the first five months of 2013. Compared to the same period last year, exports through the pipeline decreased by 341,000 tonnes, SOCAR reported. SOCAR exported 8, 733 million tonnes in the first five months in 2012. Concernig to monthly export in 2013, the export was 1, 429 million tonnes in January,... Read More