18 June 2026

Azerbaijan Central Bank and Sudan Central Bank sign Memorandum of Understanding on cooperation

The Central Banks of Azerbaijan and Sudan signed a Memorandum of Understanding to strengthen the legal and institutional foundations of cooperation, expand their mutual relations, and promote the exchange of advanced knowledge and experience in central banking between the organisations. The Memorandum will facilitate deeper cooperation in the areas of monetary policy, the financial sector, payment systems, financial technologies, banking supervision, and the prevention of the legalization of criminally acquired property and the financing of terrorism.

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.

AZN exchange rate

From 18.06.2026

1 USD

1.7000

1 EUR

1.9589

↓

100 RUB

2.3340

↓

1 TRY

0.0366

↓

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 17.06.2026

AZIR (Azerbaijan Interbank Rate)i

6.4246%

30-day compounded AZIR

6.4471%

90-day compounded AZIR

6.4897%

180-day compounded AZIR

6.6225%

AZIR Compounded Index

112.022056

📄 Methodology for AZIR 📄 Compounded Term Indices

18.06.2026

The Central Bank revoked the payment institution licenses of Cibpay and Multi Solutions LLCs and issued them electronic money institution licenses

18 June 2026, Baku: In accordance with the Law of the Republic of Azerbaijan "On Payment Services and Payment Systems," the Management Board of the Central Bank of the Republic of Azerbaijan canceled the payment institution licenses of Multi Solutions and Cibpay Limited Liability Companies on June 10, 2026. The companies were then issued licenses entitling them to carry out electronic money institution activities.