CBA: Supply exceeds demand in Azerbaijan’s foreign exchange market

In the past period of 2025, supply exceeded demand in the foreign exchange market (FX) in Azerbaijan, overall, across both cash and non-cash segments, Report informs, citing the Central Bank of Azerbaijan.

The continued decline in the dollarization of resident individuals’ deposits reflects positive expectations on exchange rate. External sector indicators, which are fundamental factor of the FX market, remain favorable.

“According to the State Customs Committee, a foreign trade surplus of 1.4 billion US dollars was recorded in the first half of 2025. The Central Bank's forecast that the current account balance will be in surplus in both 2025 and 2026 remains unchanged,” the CBA said.