Strategic monetary reserves of Azerbaijan made $18.2bln, which twice exceeds the aggregate external debt of the country, Chairman of the Board of Directors of the National Bank of Azerbaijan Elman Rustamov said.

According to him, “today Azerbaijan possesses a large amount of liquid assets, placed abroad, which allows maneuvering in solution of budget problems and monetary issues”.

The present level of reserves secures continuous coverage of Azerbaijan’s demands in import in the course of 28 months.

“The difference between the assets, placed abroad and the foreign investments in Azerbaijan makes $14bln, which is a singular case in the world practice”, Rustamov stressed.