17:05 - 1.05.2026

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May 1, Fineko/abc.az. This April, the Central Bank of Azerbaijan made purchasing intervention in the foreign exchange market.

ABC.AZ informs with reference to the CBA that in the context of the ongoing current operating surplus and trends towards de-dollarization, supply in the foreign exchange market exceeded demand in the last months of this year, and the country's foreign exchange reserves continued to grow.

In the foreign exchange market, excess supply over demand was observed in both cash and non-cash segments.

Recently, as a result of low demand at currency auctions, an oversupply has formed in the foreign exchange market, and under these conditions, last month the Central Bank carried out a purchase intervention in the amount of $1 billion.

As a result, taking into account the income from the management of foreign exchange reserves, CBA foreign exchange reserves increased by $1.29 billion in April.

"The acquired $1 billion, in whole or in part, can be re-directed to the foreign exchange market during the year to ensure a balance, depending on emerging demand. In order to maintain macroeconomic stability, in case of continued participation in the foreign exchange market through purchase or sale operations, this will be notified," the CBA said.