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Azerbaijan strategic reserves approach US $50 billion
14 October 2013

The strategic currency reserves of Azerbaijan held by the Azerbaijan Central Bank reached US$49.6bn over the last nine months.

A spokesperson for the Azerbaijani Finance Ministry said that the reserves help protect the Azerbaijani economy from negative trends in the global economy. Reserves stood at US$ 46 billion in 2012.

source: commonspace.eu with gun.az and news.az

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