Currency reserves of Azerbaijan Central Bank dropped below $ 9.5 billion US

Currency reserves of Azerbaijan Central Bank dropped below $ 9.5 billion US The Central Bank of Azerbaijan (CBA) reports that devaluation failed to save its currency reserves from fall started in December 2014.The CBA reports that as of 1 April 2015 its currency reserves totaled $9.472 billion US versus $11.004 billion US by 1 March, $12.68 billion US by 1 February $13.758 billon US by 1 January 2015. It is the first time that CBA’s currency reserves... Read More