Azerbaijan boosts foreign exchange reserves by 7% year-on-year

As of April 1, 2025, Azerbaijan’s strategic foreign exchange reserves totaled $73.77 billion.

Of this amount, 85.1% or $62.74 billion was held by the State Oil Fund of Azerbaijan (SOFAZ), while 14.9% or $11.03 billion belonged to the Central Bank of Azerbaijan (CBA).

In the first quarter of 2025, the country’s FX reserves rose by $2.78 billion or 3.9%, mainly driven by SOFAZ, which saw an increase of $2.71 billion (+4.5%). The CBA's reserves grew by $67 million (+0.6%).

Over the past year, Azerbaijan's total FX reserves have increased by $4.74 billion or 6.9%. SOFAZ reserves rose by $5.37 billion (+9.4%), while the Central Bank’s holdings declined by $627.9 million (-5.4%).

N.Tebrizli