BAKU, Azerbaijan, June 5. The Central Bank of Azerbaijan (CBA) earned $491.6 million from the management of foreign currency assets in 2024, as a result of portfolio strategies implemented to capitalize on the favorable conditions in the foreign exchange and bond markets and to increase relative returns.
The data obtained by Trend from the CBA shows that the yield on the
investment portfolio for the fiscal year was 4.5 percent.
The Central Bank Authority's official foreign exchange reserves
experienced a contraction of $653.5 million, reflecting a 5.6
percent year-over-year decline, primarily attributable to domestic
market currency divestitures and variances in exchange rate
dynamics, culminating in a total of $10.96 billion by the
conclusion of 2024.
