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Azeri Central Bank Reserves Grew 11.6% to $11.7 Billion in 2012

Jan. 8 (Bloomberg) -- Azerbaijan’s central bank reserves grew 11.6 percent last year to $11.7 billion, according to data published today on the website of the Baku-based regulator.

The central bank will expand the range of investments to diversify its international reserves starting this year, it said in a statement on Dec. 27.

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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