Central Bank of Azerbaijan's forex reserves rise 14% in H1

BAKU. July 1 (Interfax) - The Central Bank of Azerbaijan's forex reserves were $13.16 billion as of June 30, 2026, the regulator said on its website.

The reserves thus grew 14.2% from $11.52 billion at the end of 2025. They grew $204.4 million in Q4 2025.

The bank's forex reserves also grew by $1.5 billion in April-June 2026.

The CBA said that it had conducted currency purchase transactions amounting to $394 million in June 2026, versus $1 billion in April.

"As a result, thanks to the transactions conducted on the forex market and revenues from the management of forex reserves, the Central Bank's forex reserves increased by $445 million in June and by $1.64 billion since the beginning of the year," the bank said in a statement.

According to data from the CBA, the trend of currency supply exceeding demand continues amid a current account surplus and the dedollarization process in the financial sector. This process can be observed both in the cash and non-cash segments.

"It is possible that all or part of the foreign currency purchased on the forex market will be once again directed to the market in the remaining part of 2026, in order to ensure balance depending on the demand which forms," the statement reads.

As reported, the CBA's forex reserves increased by 5.1% in 2025.