CBA: Azerbaijan's strategic currency reserves reflect its financial stability

Azerbaijan's strategic currency reserves, currently at a historic maximum, reflect the country's economic strength and financial stability, Taleh Kazimov, Governor of the Central Bank of Azerbaijan (CBA), said during the first reading of the draft law on the State Budget for 2026 at today's plenary meeting of the Milli Majlis, Report informs.

The governor mentioned that in the first 10 months of 2025, the foreign trade balance – the main component of the balance of payments – recorded a positive surplus of $2.4 billion:

"For the first six months of 2025, the current account surplus amounted to $2.3 billion, equal to 6.3% of GDP. According to the CBA's October forecasts, the current account surplus is expected to reach $3.7 billion by the end of 2025. These results have strengthened macroeconomic stability and contributed to the growth of strategic currency reserves."

Kazimov emphasized that the country's strategic reserves increased by 16.2% in the first 10 months of the year, reaching $82.5 billion by the end of the period. The CBA's own reserves stood at $11.4 billion at the end of October, marking a 45.7% increase over the past three years.

"Currently, Azerbaijan's strategic currency reserves are sufficient to cover 37 months of imports of goods and services. As in previous years, monetary policy in 2025 has been directed toward keeping inflation within target through monetary conditions," he added.