CBA announced its monetary reserves

The official monetary reserves of the Central Bank of Azerbaijan (CBA) increased by $344 million (3.3 per cent) in the first quarter of 2012, the CBA said on Thursday. According to the CBA, the monetary reserves of the bank amounted to $10.825.6 billion as of April 1, 2012.

In 2010, the CBA's reserves amounted to $6.407.6 billion, and in 2011 - $10.481.5 billion. In 2012, the Central Bank expects about $3-billion increase in its monetary reserves.

The official monetary reserves of the CBA increased by $102.3 million (one per cent) in January 2012 and amounted to $10.583.8 billion, while in February this figure hit $10.769.7 billion (a 1.75-percent increase).


/Trend/