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Wednesday, October 05, 2005

Azerbaijan's NB hard currency reserves exceed $1 bln

BAKU, October 5 (RIA Novosti, Gerai Dadashev) - The hard currency reserves of the National Bank of Azerbaijan (NBA) have grown 16.99% in the first nine months of this years, hitting $1,025.81 mln, the NBA said in a press release. The release said that during the period under review, the NBA had provided $42.04 mln in IMF debt servicing. During the same period, the national currency strengthened 309 points (6.3%), at 4593 manat per $1 as of the end of September.

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