'Our policy is that we'll announce it on a quarterly basis,' he said, explaining that the Monetary Board meets every week to tackle industry issues like
bank reserves. 'We're not ready to announce it yet.'
State
bank reserves have observed a decline of $ 552 million, bringing the total State
bank reserves to $ 7.8 billion, added the spokesman.
It also announced a three-step reduction in
bank reserves from 18% to 16%.
M2 EQUITYBITES-May 13, 2019--Turkey to withdraw funds from central
bank reservesGlobal Banking News-May 13, 2019--Turkey to withdraw funds from central
bank reservesBANKING AND CREDIT NEWS-May 13, 2019--Turkey to withdraw funds from central
bank reservesThe Committee voted unanimously to maintain the stock of sterling non-financial investment-grade corporate bond purchases, financed by the issuance of central
bank reserves, at GBP10B.
State
Bank reserves have reached to $8.62 billion after receiving last installment of the financial package while foreign exchange reserves reached to $15.25 billion.
During the meeting, the Ministry of Industries and Production will present a report on the recent increase in cement prices and SAARC food
bank reserves will also be discussed.
The central
bank reserves also decreased by $113m to $12,233.2m during the week due to external debt servicing and other official payments.
Summary: Azerbaijan Central
Bank reserves increased 1.0% m/m to US$ 4.1bn in March 2016, the first increase in the last eight months.
