dollarization

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.

Cash Foreign Currency Purchases Exceed Sales in Azerbaijan

In January-May 2026, cash foreign currency purchases in Azerbaijan exceeded sales by $311 million, while the dollarization of household deposits continued to decline.