“AZERBAIJAN HAS LARGE VOLUME OF CURRENCY RESERVES IN FOREIGN COUNTRIES”, CHAIR OF NATIONAL BANK

Baku, 14 November,(AzerTAj)“Azerbaijan has large volume of currency reserves placed in foreign countries. This will enable to effectively use these means in rise of any problem”, said Chairman of the Board of Directors of the National Bank of Azerbaijan Elman Rustamov.

According to Mr. Rustamov, Azerbaijan`s strategic resources can cover the country`s need for import continuously within 28 months. He added a comparison between Azerbaijan investment in foreign countries and foreign investment in Azerbaijan is $11 billion in favor of Azerbaijan.

Rustamov stressed Azerbaijan`s $20 billion currency reserves are not only economic
factor, but also international policy of the country.
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