Azeri Central Bank 10-Month Reserves Rise 12% to $11.7 Billion

Azerbaijan’s central bank said its reserves grew 12 percent from the end of last year to $11.7 billion in October.

Reserves increased 66 percent in October 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