15:27 - 29.09.2026

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September 29, Fineko/abc.az. MP Vyugar Bayramov noted on his social network page that, as President Ilham Aliyev emphasized at the II Azerbaijan International Investment Forum, the manat exchange rate has remained stable since April 2017, and this is one of the main directions of macroeconomic stability.

The main factor influencing the exchange rate of the national currency is the volume of currency entering the country. High oil prices and growth of non-oil exports ensured the formation of positive foreign trade balance of more than $10 billion in the first 7 months of 2026.

During this period, country's exports in nominal terms grew by 39% and reached $ 20.1 billion, while non-oil/gas exports increased twofold, reaching $5.9 billion.

At that, imports declined by 43% to $9.8 billion. The positive dynamics in the foreign exchange market allowed the Central Bank to increase its reserves.

Thus, in the first 9 months of 2026, Central Bank's foreign exchange reserves increased by $3.8 billion and reached $15.3 billion.

The parliamentarian added that although current indicators make it possible to maintain stability, due to the lack of transition to floating exchange rate regime, exchange rate of the manat in the medium and long term will directly depend on the position of the Central Bank.