16:25 - 19.11.2025

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November 19, Fineko/abc.az. Since the end of 2025, stability in the foreign exchange market will continue, and it is expected that by the end of the year the exchange rate will be formed by around 6% according to economic indicators.

ABC.AZ reports that CBA governor Taleh Kazimov stated about this at today's Milli Majlis plenary session during the discussion of the Draft Law on State Budget 2026.

He noted that over the past period of 2025, the trends affecting the foreign exchange market in the oil and non-oil segments have been balanced, which ensured the stability of the exchange rate and price stability.

Kazimov said that maintaining the current account surplus and effectively managing economic expectations are the main factors that strengthen the balance in the foreign exchange market. According to Kazimov, the reforms related to strengthening the transmission mechanism carried out by the Central Bank since 2022 have led to a decrease in the level of dollarization in the economy. Thus, the dollarization of residents' currency transactions has significantly reduced compared to the period a year ago, to 28.5%, which is the lowest figure in history. This dynamic shows both stable expectations and growing confidence in the manat.