Baku: Azerbaijan’s central bank reserves are projected to reach a significant milestone of 15 billion dollars, according to a forecast by the Economist Intelligence Unit (EIU), the research and analysis division of The Economist Group.
According to Azeri-Press News Agency, the Central Bank of Azerbaijan (CBA) currently holds foreign currency reserves amounting to 11 billion US dollars in 2024. This figure is expected to rise to 14.3 billion dollars in 2025 and further increase to 14.8 billion dollars in 2026.
The EIU has also forecasted that annual import volumes will be 11.61 billion dollars in 2025 and 12.07 billion dollars in 2026. This indicates that the CBA’s reserves will have the capacity to cover 6.6 months of imports in 2025 and 6.5 months in 2026.