admin April 28, 2021

According to the updated forecasts of Asian Development Bank, as of the end of this year, Azerbaijan’s strategic foreign exchange reserves will increase by 0,4% to reach USD 50,1 bln., APA-Economics reports citing ADB’s newly published report “Asian Development Outlook (ADO) 2021: Financing a Green and Inclusive Recovery”.

The mentioned increase will be ensured by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) through intelligent asset management.

According to the forecast of ADB for 2022, strategic foreign exchange reserves of the country will increase slightly and to stand USD 50,4 bln.

Source: Azeri-Press News Agency