OREANDA-NEWS. January 29, 2010. Shahin Mustafayev, the minister of economic development, stated that US20 bn of strategic currency reserves accumulated by Azerbaijan exceed six-fold the volume of country’s foreign debt.

“Already this level of reserves is equivalent to cost of non-oil import for 40 months,” he said.

Having positive investment balance, Azerbaijan has already raised US 70 bn of investments in domestic economy.

“Half of them are overseas investments,” the minister said.