Azerbaijan's strategic currency reserves are estimated at 88 billion dollars

Azerbaijan's strategic foreign exchange reserves increased by $2.9 billion (by 3.4%) in January-April and amount to $88 billion.

As Report informs, this was stated by the Chairman of the Central Bank of Azerbaijan Taleh Kazimov at a press conference on Wednesday.

"Foreign exchange reserves are sufficient to cover goods imports for 38 months. Overall, the reserves exceed the size of the manat money supply (M2) by 3.7 times," he noted.