12:46 - 25.12.2025

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December 25, Fineko/abc.az. As of December 1, 2025, the share of the 7-day deposit portfolio in the sterilization portfolio of operations on the open market of Azerbaijan was 87%.

ABC.AZ reports, referring to the CBA, that since April of this year, the Ministry of Finance has placed the balance on a single treasury account in the form of a deposit in commercial banks, which led to an increase in liquidity in the banking sector due to autonomous factors: "Under these conditions, the 7-day deposit operation was used as a way to manage AZIR close to the discount rate. the main operation on the open market. Work on improving the operational structure of monetary policy continued in the reporting period. Thus, for more effective management of short-term liquidity, the terms of permanent deposit and permanent reverse repo operations were changed from one-day to overnight operations, the requirement for a minimum number of participants in note auctions was abolished, and the 7-day REPO on the open market, focused on sterilization, was replaced by a 7-day deposit. During this period, the CBA analyzed the processes taking place in the interbank money market and international best practices. Based on the analysis, in close cooperation with EBRD experts, more complex rules for calculating the AZIR index were approved in May 2025. This rule serves for the constant use of AZIR by financial market participants as a reference rate. This year, the EBRD began placing floating-rate bonds linked to AZIR index in the national currency. Within this framework, the first tranche of 50 million manats was successfully placed using the open offer method. This is not only a great achievement for the financial market of Azerbaijan, but also an indicator of the use of AZIR index as reliable reference percentage. The strengthening of monetary policy, in particular, reforms towards the development of money markets, also contributed to  increase in country's international credit rating in 2025."