Azerbaijan FX reserves climb 7.3% year-on-year to $88.5 bln

Azerbaijan’s strategic foreign exchange reserves reached $88.55 billion as of November 1, marking a 7.3% increase compared to the same period last year, the State Statistical Committee said.

Month-on-month, the country's reserves contracted by $830.3 million during October.

Concurrently, public external debt decreased by $28.3 million over the month to stand at $4.48 billion on November 1, down 7.7% from the previous year.