11:02 - 2.07.2026

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July 2, Fineko/abc.az. Against the backdrop of growing current account surplus in the balance of payments and the process of de-dollarization in the financial sector, the trend of excess supply over demand in the foreign exchange market continues. This process is observed in both cash and non-cash segments.

ABC.AZ reports, referring to the Central Bank of Azerbaijan, that in June of this year, the CBA conducted purchase operations for $394 million at the foreign exchange market. In April, Central Bank's purchase intervention amounted to $1 billion.

As a result of the operations conducted at the foreign exchange market and the income generated from the management of foreign exchange reserves, CBA’s foreign exchange reserves increased by $445 million in June and by $1.64 billion since the beginning of the year.

"It is not excluded that the entire or part of the foreign currency purchased on the foreign exchange market will be re-directed to the market in the remaining period of 2026 in order to ensure balance depending on the demand formed on the market. In order to maintain macroeconomic stability, if the Central Bank continues to participate in buying or selling operations on the foreign exchange market, this will be reported," the CBA says.