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
The meeting in Krakow between the foreign ministers of Armenia and Azerbaijan did not lead to a breakthrough, and none was expected. But there appears to be a change of gear in the negotiations, says Dennis Sammut in this week's Monday Commentary