Central Bank of Azerbaijan

Azerbaijan's Banking Sector Assets Up 12.2%

As of September 1, the assets of Azerbaijani banks reached 62.5 billion manats, up 12.2% year-on-year. The loan portfolio and deposits also showed growth.

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Azerbaijan's Banking Sector Profit Rises 22.65%

In January-August 2026, the net profit of Azerbaijan's banking sector reached 949.7 million manats, up 22.65% year-on-year.

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Overdue Loans in Azerbaijan Up 36% Year-on-Year

As of September 1, 2026, overdue loans in Azerbaijan totaled 721.8 million manats, up 36% from a year earlier. Since the start of the year, the increase was 37.6%.

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Azerbaijan Sees Card Growth Resume After Card-to-Card Limit

By the end of August, the country had 22,974,000 payment cards, up 0.8% from July. However, cashless transaction volume fell 8.5%.

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Azerbaijan's Mortgage and Credit Guarantee Fund cuts lending by 13.7%

In January–August 2024, Azerbaijan's Mortgage and Credit Guarantee Fund issued 262.9 million manats in loans, down 13.7% year-on-year. Refinanced loan volumes also declined.

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Economy · September 24, 2026

Azerbaijan currency rates — September 25, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 25, 2026.

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Deposit Dollarization in Azerbaijan: Share Declines Against a Growing Base

At the end of July 2026, the share of foreign currency deposits was 34.715% with a total base of 44,501.149 million manats: the structure of the stock shifted, but the cause cannot be derived from these data.

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Economy · September 24, 2026

Azerbaijan's Insurance Market Grows 6.4% in Eight Months

In January-August 2026, Azerbaijani insurance companies collected 1.116 billion manats in premiums, with payouts rising 28.1%.

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Economy · September 24, 2026

Azerbaijan currency rates — September 24, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 24, 2026.

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CBA 28-day note yield rose to 6.56% with sterilization volume of 1,802.5 million manats

The auction on September 16, 2026 gave 6.56% versus 6.26% a week earlier and 5.63% at the end of July — the price of short liquidity in manats is again higher than in mid-summer.

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Azerbaijan's Cash Currency Demand Exceeds Supply by $673 Million

The Central Bank of Azerbaijan reported that in January-August 2026, cash foreign currency purchases exceeded sales by $673 million. The regulator's foreign exchange reserves grew by 32.9% to $15.3 billion.

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Azerbaijan's Remittance Balance Up 74.1%

In January–August 2026, Azerbaijan's remittance balance reached $751 million, up 74.1% year-on-year. The Central Bank of Azerbaijan (CBA) may raise its current account surplus forecast.

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Azerbaijan's Central Bank Moves Rate Decision to October 29

Azerbaijan's Central Bank will announce its interest rate corridor decision on October 29 instead of November 4. The press conference has also been rescheduled.

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Azerbaijan's Central Bank Keeps Policy Rate at 6.5%

The Central Bank of Azerbaijan left its policy rate unchanged at 6.5%, lowering the lower bound of the interest rate corridor to 5% while keeping the upper bound at 7.5%.

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Azerbaijan currency rates — September 23, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 23, 2026.

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AZIR below the policy rate: what this means for short-term funding

The upper bound of the CBA corridor is 7.5%, the policy rate is 6.5%, and the one-day interbank AZIR rate had fallen to 5.8077% by September 17, 2026.

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Euro weakens against the manat, dollar unchanged: what this means for the contract currency

Over the month, the official EUR/AZN rate fell from 1.9877 to 1.9507 manats, while USD/AZN on the same dates remained 1.7 — the movement came through the euro, not through the manat against the dollar.

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Credit More Expensive Than Deposits: What the Rate Gap in Manats Shows

The average manat rate on loans in August 2026 was 15.74%, on deposits — 9.12%. The gap persists, but by itself it proves neither a rise in funding costs nor an increase in margin.

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Azerbaijan currency rates — September 22, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 22, 2026.

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Azerbaijan's Reserves: Why $90.8 Billion Is Not Only a CBA Indicator

The country's strategic reserves and the CBA's foreign exchange reserves have different coverage. We examine what a large stock says about the buffer — and what it does not promise business.

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Deposit rate in manats: August pullback amid annual growth

The average manat deposit rate in August 2026 declined from July but remained above last year's level — this changes not the direction, but the sensitivity of the cost of funding.

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CBA notes in circulation rose noticeably, while money market rates behaved differently

The outstanding balance of CBA notes in circulation rose from 483.8 million manats in June to 1802.5 million manats in September, while note yields and the interbank rate moved unevenly.

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Azerbaijan's Money Supply: Broad Aggregate Grows More Slowly Than Narrow One

M3 at the end of July 2026 was 53,925.49 million manats, 13.1% more than a year earlier. Over the same year M2 added 19.6%, and this changes the meaning of the observation.

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CBA Rate Unchanged, But Monetary Policy Is Not Standing Still

Behind the 6.5% rate lies a balance between inflation risks and excess foreign exchange supply. Why CBA operations are no less important for understanding money market conditions.

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Azerbaijan's Central Bank to Announce Interest Rate Corridor Parameters on September 23

The Central Bank of Azerbaijan has announced that its next decision on the interest rate corridor will be published on September 23. Decisions will be based on inflation forecasts, macroeconomic scenarios and the situation in the foreign exchange market.

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Azerbaijan currency rates — September 21, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 21, 2026.

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Economy · September 20, 2026

Euro Weakens Against Manat: What It Changes for an Importer's Invoice

On a hypothetical 10,000 euro invoice, the difference between the official exchange rates on September 1 and September 18 is 202 manats. But that does not yet guarantee savings for the company.

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Azerbaijan currency rates — September 20, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 20, 2026.

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Economy · September 19, 2026

Azerbaijan currency rates — September 19, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 19, 2026.

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Economy · September 18, 2026

A Stable Dollar to the Manat Is Not Stability for All Currencies

From September 1 to 18, the euro fell 1.02% against the manat, the lira 1.14%, while the ruble rose 2.20%. Across five verified bulletins, the dollar held at 1.7.

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Economy · September 18, 2026

Manat money supply has grown. But will loans become cheaper?

M2 grew by 19.6% year-on-year by the end of July. The CBA notes excess banking liquidity, but the September AZIR does not yet prove cheaper business loans.

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Economy · September 18, 2026

Azerbaijan currency rates — September 18, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 18, 2026.

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Economy · September 17, 2026

Azerbaijan currency rates — September 17, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 17, 2026.

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Economy · September 16, 2026

Azerbaijan currency rates — September 16, 2026

Official CBAR exchange rates to the manat: US dollar, euro, ruble, lira, pound and lari on September 16, 2026.

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Azerbaijan's Central Bank Fines Two Pawnshops and a Leasing Company

Officials of two pawnshops and a leasing company have been held administratively liable for violations in the field of combating money laundering and terrorist financing.

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Remittances to Azerbaijan up 40% in first half of 2026

Incoming remittances to Azerbaijan rose 40% in the first half of 2026 to $748.464 million, with the bulk coming from Russia, Turkey, the US, Ireland and Georgia.

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Azerbaijan's Net External Financial Assets Rise by $3.3 Billion in Six Months

Azerbaijan's Central Bank reported that in the first half of 2026, the country's net external financial assets increased by $3.3 billion, driven mainly by direct investment abroad.

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Azerbaijan's Reserve Assets Rise by $1.4 Billion in First Half of 2026

The Central Bank of Azerbaijan reported a $1.4 billion increase in realized reserve assets in the first half of 2026, with significant dynamics in capital flows and investments.

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