Azerbaijan's strategic foreign exchange reserves approach $88 billion

“In the first four months of this year, the country's strategic foreign exchange reserves increased by 3.4 percent, or 2.9 billion AZN, reaching $87.9 billion,” said Taleh Kazimov, Governor of the Central Bank of Azerbaijan, during a press conference on the parameters of the interest rate corridor.

The Governor noted that during this period, the Central Bank's own foreign exchange reserves amounted to $12.7 billion.