12:03 - 24.06.2026

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June 24, Fineko/abc.az. Excess supply over demand in the Azerbaijani foreign exchange market forced the Central Bank to intervene by purchasing foreign currency.

ABC.AZ reports that in 5 months of 2026, CBA's foreign currency reserves grew by $1.2 bn (10.4%), reaching $12.7 bn.

This was facilitated by foreign trade surplus of $7.2 bn and a 28.8% rise in remittances (to $560.1 million).

The dollarization rate of resident individuals' deposits decreased by 2.8 p.p. over the past 12 months, dropping to 27% in May.

In the cash segment, banks' purchases of dollars exceeded sales by $311 million.