As of January 1, 2021, Azerbaijan’s foreign exchange reserves amounted to over $49.9 billion, Report informs.

Of these, over $43.56 billion or 87.2% fall on the State Oil Fund of Azerbaijan (SOFAZ), while the Central Bank of Azerbaijan (CBA) accounted for almost $6.37 billion or 12.8%.

In the last quarter of 2021, the country’s foreign exchange reserves increased by $153.7 million or 0.3%.

Foreign exchange reserves of SOFAZ increased by $275.7 million or 0.6%, while the CBA saw a decrease of $122 million or 1.9%.

Over the past year, the volume of foreign exchange reserves increased by $352.4 million or 0.7%. The reserves of SOFAZ showed an annual increase of $241 million or 0.6%, while the CBA reserves went up by $111.4 million or 1.8%.

SOFAZ foreign exchange reserves (USD million)

CBA foreign exchange reserves (USD million)

Foreign exchange reserves of Azerbaijan (USD million)

01.01.2021

43,564.3

6,369.4

49,933.7

01.10.2020

43,288.6

6,491.4

49,780.0

01.07.2020

43,223.3

6,436.3

49,659.6

01.04.2020

41,349.5

6,393.8

47,743.3

01.01.2020

43,323.3

6,258.0

49,581.3