Azerbaijan's foreign currency reserves up to 42 bln dollars

0 Comment(s)Print E-mail Xinhua, October 10, 2017
Adjust font size:

BAKU, Oct. 9 (Xinhua) -- Azerbaijan's foreign currency reserves have reached 42 billion U.S. dollars over the last 9 months, Azerbaijan's President Ilham Aliyev told a government meeting here on Monday.

"Despite a fall in oil prices, the government has set a goal to boost our currency reserves this year," Aliyev said.

According to the President, Azerbaijan's forex increased by 4.5 billion U.S. dollars to 42 billion U.S. dollars in the first nine months this year, thanks to the cost-effective use of foreign exchange reserves and correct investment program.

He said the non-oil industry grew by 3.1 percent, and exports exceeded import during the first nine months, resulting in trade surplus of 4.4 billion U.S. dollars. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter