Azerbaijan’s strategic foreign currency reserves have surged to $82.5 billion, marking a 16.2% increase from the beginning of the year.
The figure was announced by Central Bank Chairman Taleh Kazimov during discussions on the 2026 state budget held by the Milli Majlis Committee on Economic Policy, Industry, and Entrepreneurship.
Kazimov stated that the Central Bank’s own reserves stood at $11.4 billion as of the end of October.
“Azerbaijan’s strategic currency reserves continue to far exceed internationally recognized benchmarks and are sufficient to cover 37 months of imports of goods and services,” he said.
The growth underscores Azerbaijan’s strong macroeconomic position, supported by rising energy revenues, steady fiscal discipline, and diversification policies in the non-oil sector.
Economists note that maintaining such a high reserve level provides a critical safety buffer against external shocks, exchange rate volatility, and global market instability – reinforcing Baku’s image as one of the most financially resilient economies in the region.
