Bank Of Baku

Economy minister: No devaluation risks observed in the last five years in Azerbaijan

Economy minister: No devaluation risks observed in the last five years in Azerbaijan
# 04 November 2025 14:36 (UTC +04:00)

“We have not seen any devaluation risks in the last five years,” said Minister of Economy Mikayil Jabbarov during the meeting of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship discussing the “State Budget Package of the Republic of Azerbaijan for 2026,” APA reports.

The minister recalled that devaluation occurred in Azerbaijan in 2015: “If we look back at how much money we had in the State Oil Fund at that time and how much of it we were using, it’s incomparable to today’s figures. Currently, our spending policy is being implemented with great responsibility,” he added.

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