As of January 1 of this year, Azerbaijan’s foreign exchange reserves amounted to $67,682.7 million, Report informs.

Of this, 82.8%, or $5,069.7 million, fell to the share of the State Oil Fund (SOFAZ) and 17.2%, or $11,613 million, to the Central Bank of Azerbaijan (CBA).

In the fourth quarter of last year, the country’s foreign exchange reserves increased by $2,383.4 million, or 3.6%. Thus, the foreign exchange reserves of SOFAZ increased by $545.7 million, or 1%, and the foreign currency reserves of the CBA increased by $1,837.7 million, or 18.8%.

Over the past year, the country’s foreign exchange reserves have increased by $9,653.4 million, or 16.6%. During the year, the foreign currency reserves of SOFAZ showed an increase of $7,036.1 million, or 14.3%, and the foreign currency reserves of the CBA – $2,617.3 million, or 29.1%.

SOFAZ’s currency reserves (USD, million)

CBA’s foreign exchange reserves (USD, million)

Azerbaijan’s currency reserves (USD, million)

01.01.2024

56,069.7

11,613.0

67,682.7

01.10.2023

55,524.0

9,775.3

65,299.3

01.07.2023

54,915.1

9,195.9

64,111.0

01.04.2023

53,437.6

9,133.0

62,570.6

01.01.2023

49,033.6

8,995.7

58,029.3