Azerbaijan's Strategic Currency Reserves Reach $77.7 Billion

Azerbaijan's strategic currency reserves have grown by $6.7 billion, reaching a total of $77.7 billion.

The announcement was made by Samir Nasirov, Head of the Statistics Department at Azerbaijan’s Central Bank, during a briefing on Wednesday, The Caspian Post reports citing local media.

“This once again proves the country's financial stability. The realized portion of the country's strategic currency assets has decreased by $275 million,” Nasirov added.

The average price of oil was $70.7 per barrel, while the sale price of gas amounted to $301 per thousand cubic meters.