BAKU, Azerbaijan, April 23. Azerbaijan's foreign exchange reserves reached $73.5 billion as of late March 2025, Governor of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said at a press conference on the parameters of the interest rate corridor held today, Trend reports.
He articulated that within this financial aggregation, $62.5 billion was delineated as attributable to the State Oil Fund, while $11 billion was ascribed to the CBA.
"We forecast that in 2025 the CBA surplus will be around $4 billion, and next year around $3.5 billion," the governor emphasized.
To note, Azerbaijan's foreign exchange reserves escalated to $71 billion in 2024, reflecting a 3.6 percent uptick from the preceding year, 2023.
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