As of January 1, Azerbaijan’s strategic foreign currency reserves stood at USD 85.16 billion.

Axar.az informs 86.5% of this amount—USD 73.64 billion—belongs to the State Oil Fund of Azerbaijan (SOFAZ), while 13.5%, or USD 11.51 billion, is held by the Central Bank of Azerbaijan (CBA).

In the fourth quarter, the country’s reserves grew by USD 3.68 billion, or 4.5%. SOFAZ reserves increased by USD 3.48 billion (5%), and CBA reserves rose by USD 204.4 million (1.8%).

Over the past year, Azerbaijan’s total foreign currency reserves increased by USD 14.17 billion, or 20%, with SOFAZ seeing a 22.7% rise (USD 13.61 billion) and CBA up 5.1% (USD 555.4 million).