As of the end of 2024, 87% of the official foreign exchange reserves of the Central Bank of Azerbaijan (CBA) were in US dollars, 3% in euros, 2% in Chinese yuan, 1% in British pounds sterling, and 7% in SDRs (International Monetary Fund special drawing rights), the CBA told Report.
According to the CBA, last year, the bank's foreign exchange reserves were managed by investing in government and quasi-government debt obligations of foreign countries with investment-grade credit ratings based on benchmarks selected in accordance with the objectives of each tranche and sub-portfolio. In addition to internal management, cooperation with foreign managers continued.
Overall, foreign exchange reserves were managed by dividing them into an operational tranche to support monetary policy and an investment tranche to increase profitability, in an environment of high profitability and high uncertainty arising from geopolitical/geoeconomic realities, and efforts were made to invest in alternative currencies.
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