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 05.06.2026

1 USD

1.7000

1 EUR

1.9747

↑

100 RUB

2.3176

↑

1 TRY

0.0369

↓

Full List

Interest rates

From 05.02.2026

Corridor floor

5.5%

Corridor ceiling

7.5%

Refinancing rate

6.5%

Inflation

Annual inflation 5.5% - April 2026

Target4 (±2) %

Money market

on 04.06.2026

AZIR (Azerbaijan Interbank Rate)i

6.4434%

30-day compounded AZIR

6.4476%

90-day compounded AZIR

6.4944%

180-day compounded AZIR

6.6486%

AZIR Compounded Index

111.762308

📄 Methodology for AZIR 📄 Compounded Term Indices

05.06.2026

Second meeting of Turkic Central Bank Council concludes in Baku

5 June 2026, 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). On June 4 Azerbaijani Prime Minister Ali Asadov met with Council members and representatives of observer states, who were in Baku on an official visit. Officials highlighted the Council’s role in strengthening cooperation among central banks and financial institutions across OTS member countries. The meeting also reviewed Azerbaijan’s ongoing reforms to modernize its monetary policy framework and financial sector, including efforts to improve financial services, enhance transparency, and re...