Azerbaijan, Baku, Dec. 30 / Trend N.Ismayilova /
Azerbaijan's strategic currency reserves have hit the $30 billion mark as of Dec.1, according to the Central Bank of Azerbaijan's (CBA) report on main policy directions of the monetary and financial stability in 2011.
"This year, there have been positive developments in restoring capacity of the banks to attract funds from abroad, increase external financial flows and export prices in the balance," the report reads.
Over the first nine months in 2010, the current account surplus increased by 6 percent compared to the same period last year and approached the bar to $12 billion that covered the capital account deficits and led to an increase in foreign exchange reserves at $9.7 billion.
In 11 months, the CBA foreign exchange intervention exceeded $1 billion.
Rate of manat against U.S. dollar has been stable and consolidated by 0.4 percent.
