In the first 5 months of 2022, strategic foreign exchange reserves increased by 1.9% to 54.2 billion.

Rose to the US dollar.

The statement came from the Central Bank of Azerbaijan, APA-Economics reports.

It was noted that the forecast of the current account surplus of the balance of payments was adjusted to increase.

This adjustment was made taking into account the dynamics of foreign sector indicators, as well as the actual and projected prices for key exports last year: "Thus, in the first quarter, the current account showed a surplus of 22.5% of GDP. The average price of Brent oil in 2022 "Oil prices will exceed $ 100 by the end of the year. The positive impact of natural gas exports on the balance of payments is growing. At the same time, non-oil exports maintain a high growth rate."

The CBA added that in general, the surplus balance of payments creates conditions for the growth of the country's strategic foreign exchange reserves.