Bank Of Baku

Azerbaijan’s strategic foreign exchange reserves approach $88 billion

Chairman of the Central Bank of Azerbaijan Taleh Kazimov

© APA | Chairman of the Central Bank of Azerbaijan Taleh Kazimov

# 06 May 2026 11:22 (UTC +04:00)

Azerbaijan’s strategic foreign exchange reserves increased by 3.4% or $2.9 billion as of May 1, reaching $87.9 billion, Chairman of the Central Bank of Azerbaijan Taleh Kazimov said at a press conference held today, APA-Economics reports.

He noted that the country’s strategic foreign exchange reserves are sufficient to cover 38 months of imports of goods and services.

“Strategic foreign exchange reserves exceed the broad money supply (M2) by 3.7 times,” the Chairman of the Central Bank added.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED