The foreign currency reserves of the Central Bank of Azerbaijan (CBA) reached $11 billion 656.8 million as of April 1 of this year.
Operative Information Center-OMM reports, citing the regulator, that this figure represents a 0.4% increase compared to March 1.
The Central Bank of Azerbaijan's reserves have grown by 1.2% since the beginning of the year and have seen a 5.7% increase over the last 12 months.
The steady growth of foreign exchange reserves in Azerbaijan is a key indicator of the country's macroeconomic stability and its ability to maintain the fixed exchange rate of the Azerbaijani manat. These reserves serve as a financial buffer against external shocks and are supported by the country's positive trade balance, driven largely by the energy sector. The Central Bank of Azerbaijan continues to manage these assets to ensure monetary stability and support the overall fiscal health of the Republic of Azerbaijan.
