Foreign exchange reserves, billion currency units
| Latest value
||billion U.S. Dollar
| Data availability
||January 1995 - September 2023
| Min - Max
||0.03 - 17.38
Central Bank of the Republic of Azerbaijan
For that indicator, we provide data for Azerbaijan from January 1995 to September 2023. The average value for Azerbaijan during that period was 4.61 billion U.S. Dollar with a minimum of 0.03 billion U.S. Dollar in January 1995 and a maximum of 17.38 billion U.S. Dollar in May 2014.
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Measure: billion U.S. Dollar
Source: Central Bank of the Republic of Azerbaijan
Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.