17:11 - 14.04.2026

---

April 14, Fineko/abc.az. Central Bank of Azerbaijan’s CEO Shahin Mahmudov spoke about the impact of the processes taking place around Iran on the financial sector of Azerbaijan.

ABC.AZ informs that the CEO commented on this issue at a press conference at the CBA.

He noted that what is happening around Iran will not affect the financial sector of Azerbaijan in any way: "The share of exports and imports with our southern neighbor in the overall trade structure remains relatively low, and the financial sector does not have significant integration with Iran. At this stage, we do not expect a significant impact on the sector, but we continue to monitor the situation closely and adjust our forecasts if necessary.

Events in the Middle East have already led to an increase in world oil prices, which contributes to an increase in foreign exchange reserves and an improvement in Azerbaijan's balance of payments. At the same time, the rise in oil prices causes an increase in inflation in our trading partner countries that import energy resources, which can lead to a transfer of inflationary pressure to our economy. We continue to closely monitor these processes. Updated and more detailed inflation forecasts will be presented in May."

By Elmir Muradov