BAKU, Azerbaijan, Dec. 9
By Khagan Isayev - Trend:
Azerbaijan's balance of payments amounted to $2.4 billion from January through September 2021, which is by $1.8 billion less than in the same period of last year, Trend reports citing a report from the Central Bank of Azerbaijan (CBA) on Dec. 9.
According to the report, the balance of payments mainly decreased as a result of the restoration of prices in global commodity markets and big growth in non-oil export volume.
There was a positive balance worth $3.9 billion in the current account while the deficit was worth $1.5 billion - in the cash account.
According to the CBA, Azerbaijan's reserve assets increased by $2.4 billion from January through September 2021 compared to the period from January through September 2020.
According to the report, the average oil price during the reporting period reached $62 per barrel, while non-oil export volume increased by 38 percent to $1.7 billion.
(1 USD = 1.7 AZN on Dec. 9)
