12:52 - 24.01.2025

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 January 24, Fineko/abc.az. Between 2022 and 2024, the Central Bank's foreign exchange reserves increased by 54% (by $3.9 billion) up to $11 billion. The increase in strategic foreign exchange reserves has led to a large-scale issue of manat in the economy. Under these conditions, the CBA has sterilized excess liquidity in the banking sector and increased the monetary policy through the provision of mandatory reserves, ABC.AZ reports, referring to the CBA.

In addition, the introduction of mandatory reserve norms supported the processes of de-dollarization in the banking sector.

At that, effective liquidity management led to activity in the interbank secured and unsecured market segments, and served to form a reference percentage in the money market.