Azerbaijani banks earned 70 gapiks per $100 in sales and purchases in 2025

In 2025, banks in Azerbaijan purchased $1 for an average of 1.6948 manats and sold it for 1.7018 manats, Report informs referring to the annual update of the Central Bank of Azerbaijan.

Thus, banks earned an income of 70 gapiks (0.7 manats) per every $100 in buy-sell transactions.

"During the year, the official exchange rate of the Azerbaijani manat against the US dollar was determined based on the average rate of interbank transactions (taking into account auctions and non-auction operations on the Bloomberg platform) and averaged 1.7 manats per day. The foreign currency buying and selling rates set by commercial banks were formed within a range close to the official exchange rate," reads the update.