5 June 2026

Second meeting of Turkic Central Bank Council concludes in Baku

The Central Bank of Azerbaijan hosted the second meeting of the Council of Central (National) Banks of the member states of the Organization of Turkic States (OTS). The Council convened later at the Central Bank’s new HQs, with participation from OTS Secretary General Kubanychbek Omuraliev, a delegation from the National Bank of Kazakhstan, senior officials from the central banks of Kazakhstan, Kyrgyzstan, Türkiye, and Uzbekistan, as well as governors from Hungary and the Turkish Republic of Northern Cyprus as observers.

5 June 2026

Central Banks of Azerbaijan and Hungary sign Cooperation Memorandum

The Central Bank of Azerbaijan and the Central Bank of Hungary signed a Memorandum of Understanding on Cooperation (MoU) on the sidelines of the Second Meeting of the Council of Central (National) Banks of the Member States of the Organization of Turkic States, held in Baku. The Mou establishes a framework for closer cooperation and knowledge-sharing in central banking. It is intended to support the exchange of expertise, best practices and technical experience between the two central banks.

3 June 2026

President Ilham Aliyev opens new Central Bank Headquarters

Azerbaijani President Ilham Aliyev attended the opening of the country’s new Central Bank headquarters in Baku. Governor of the Central Bank, Taleh Kazimov, briefed the Head of State on the facilities and infrastructure established in the building.

AZN exchange rate

From 17.06.2026

1 USD

1.7000

1 EUR

1.9741

↑

100 RUB

2.3410

↓

1 TRY

0.0367

Full List

Interest rates

From 05.02.2026

Corridor floor

5.5%

Corridor ceiling

7.5%

Refinancing rate

6.5%

Inflation

Annual inflation 5.6% - May 2026

Target4 (±2) %

Money market

on 16.06.2026

AZIR (Azerbaijan Interbank Rate)i

6.4379%

30-day compounded AZIR

6.4471%

90-day compounded AZIR

6.4900%

180-day compounded AZIR

6.6240%

AZIR Compounded Index

112.002068

📄 Methodology for AZIR 📄 Compounded Term Indices

16.06.2026

Azerbaijan's Open Banking success presented to the international community

16 June 2026, Baku: An international webinar titled "Open Banking: Azerbaijan Experience," was held, organized by the International Finance Corporation (IFC) and with the participation of the Central Bank of the Republic of Azerbaijan. During the webinar, it was emphasized that Azerbaijan's Open Banking implementation is faster and more effective than many international examples. The rapid participation of all banks in the ecosystem and their active operation on the platform demonstrates the strong support for digital transformation and the benefits of Open Banking in the country, from both regulatory authorities and market participants. These results and the successful coo...