17:20 - 4.05.2026

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May 4, Fineko/abc.az. In April, amid weak demand for foreign currency, the Central Bank of Azerbaijan intervened to purchase forein currency for nearly $1 billion. As a result, foreign exchange reserves grew by $1.29 billion. Some of these funds, as noted by the regulator, can be used to maintain market equilibrium throughout the year.

ABC.AZ reports that in the 1st quarter of 2026, Azerbaijani banks sold cash currency to the population for $322 million, while the currency purchases from the population reached $391.4 million.

Thus, the net inflow of foreign currency from the population to banks totaled $69.4 million. The indicator is calculated as the difference between the purchase volume ($391.4 million) and the sale volume ($322 million), i.e. $391.4 million – $322 million = $69.4 million.

Over a longer period of time, from April 2025 to April 2026, total net inflow of household funds to banks reached $606.2 million. This means steady excess of the supply of foreign currency from the population over the demand during the year.

According to the CBA, against this background, the average exchange rate decreased from 1.6984 USD/AZN to 1.6981 USD/AZN in the first quarter of 2026.