Azerbaijan's Central Bank Buys $1.5 Billion on Forex Market in August
The Central Bank of Azerbaijan conducted forex interventions totaling $1.5 billion in August, boosting reserves to a historic high of $15.3 billion.
Zeyni Jafarov✓ Verified by editors17 views1 min read
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The Central Bank of Azerbaijan (CBA) carried out an intervention on the foreign exchange market in August, purchasing currency worth $1.5 billion.
The intervention was conducted amid an excess of supply over demand in the forex market, driven by a current account surplus in the balance of payments and the ongoing process of de-dollarization in the financial sector.
As a result, over eight months, the CBA's foreign exchange reserves increased by $3.8 billion (or 33%), reaching a historic maximum of $15.3 billion.
"It is not excluded that the foreign currency purchased on the market will be fully or partially redirected back to the market in the future to ensure balance, depending on emerging demand," the regulator emphasized.
Zeyni Jafarov. “Azerbaijan's Central Bank Buys $1.5 Billion on Forex Market in August”. FinFly.news, September 7, 2026. URL: https://finfly.news/en/economy/azerbaijan-central-bank-buys-1-5-billion-forex-august
Who is behind this story
CE
Finance
Central Bank of Azerbaijan
The Central Bank of Azerbaijan runs monetary policy and oversees the manat and the financial sector.
