$ 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

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