OREANDA-NEWS. January 20, 2010. President Aliyev stated that country’s currency reserves totaled US20.4 bn.

“This is a big sum to allow us to feel ourselves very confident in the future as well. We don’t need any assistance and live at our own expense. If to take into account that due to measures taken in 2010 it will be carried out large work and I am sure that following 2010 our currency reserves will grow,” he said.

Azerbaijan’s currency reserves are formed from assets of the State Oil Fund (over US 14 bn), currency reserves of the Central Bank (over US 5.1 bn) and currency reserves of the Ministry of Finance.