Foreign exchange reserves excluding gold reached 6.68 USD bil in 2017 in Azerbaijan, according to the National Statistical Office. This is 14.5 % more than in the previous year.
Historically, foreign exchange reserves excluding gold in Azerbaijan reached an all time high of 14.6 USD bil in 2014 and an all time low of < 0.001 USD bil in 1993. When compared to Azerbaijan's main peers, foreign exchange reserves excluding gold in Azerbaijan amounted to 6.68 USD bil, 3.04 USD bil in Georgia and 356 USD bil in Russia in 2017.
Azerbaijan has been ranked 76th within the group of 151 countries we follow in terms of foreign exchange reserves excluding gold, 2 places above the position seen 10 years ago.
FX reserves in a strict sense are "only" the foreign currency deposits and bonds held by central banks and monetary authorities.