Azerbaijan Central Bank Reserves Climb to $11.5 Billion

Azerbaijan’s central bank reserves climbed 9.8 percent in the first nine months of 2012 to $11.5 billion, the central bank said.

Reserves increased 66 percent in September from a year earlier, according to data on the Baku-based bank’s website.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net

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