Information on Central Bank’s intervention in the FX market

01-05-2026

1 May 2026, Baku: Amid a current account balance surplus and ongoing de-dollarization trends, supply in the foreign exchange market exceeded demand during the past months of the year, contributing to further growth in the country’s foreign exchange reserves. The supply exceeded demand in both the cash and non-cash segments of the FX market.

In recent periods, lower demand at foreign exchange auctions led to excess supply in the FX market. Against this backdrop, the Central Bank intervened by purchasing a total of $1 billion in April. As a result, the Central Bank’s foreign exchange reserves increased by $1 029,7 billion in April, including the contribution from management of foreign exchange reserves.

The $1 billion purchased in April may be partially or fully sold back to the FX market during the year, depending on market demand, to maintain market equilibrium.

The Central Bank will continue to disclose information on its interventions in the FX market through purchase or sale operations, as necessary to maintain macroeconomic stability.