Baku: Azerbaijan’s strategic foreign exchange reserves have significantly outstripped its foreign public debt, reaching a ratio of nearly 16 times. As of July 1, 2025, Azerbaijan’s currency reserves, which encompass the assets of the State Oil Fund of the Republic of Azerbaijan and the reserves of the Central Bank of Azerbaijan, have risen by 11.4%, or USD 7 billion 931.3 million, compared to the same period in the previous year. The total reserves now stand at USD 77 billion 669.5 million.
According to Azeri-Press News Agency, as of July 1, the country’s external public debt was reported to be USD 5,010.7 million, equivalent to 8,518.19 million manats. This debt level represents 6.6% of the projected GDP for 2025. Consequently, the strategic currency reserves now exceed the external public debt by 15.5 times.
In comparison, Azerbaijan’s strategic currency reserves were 10.5 times higher than the external public debt in 2023 and increased to 13.9 times higher in 2024, indicating a consistent upward trajectory in the ratio of reserves to debt.