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 24.06.2026

1 USD

1.7000

1 EUR

1.9317

↓

100 RUB

2.2810

↓

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 23.06.2026

AZIR (Azerbaijan Interbank Rate)i

6.4415%

30-day compounded AZIR

6.4515%

90-day compounded AZIR

6.4892%

180-day compounded AZIR

6.6153%

AZIR Compounded Index

112.142346

📄 Methodology for AZIR 📄 Compounded Term Indices

24.06.2026

Central Bank keeps refinancing rate and other interest rate corridor parameters unchanged

24 June 2026, Baku: The Management Board of the Central Bank of the Republic of Azerbaijan decided to keep all parameters of the interest rate corridor unchanged. The decision was made considering the alignment of actual inflation and forecasted inflation with the target range, the risks arising from heightened geopolitical tensions, the global financial conditions and the domestic macroeconomic environment. Annual inflation is within the target range and moving in line with the forecast trajectory under the baseline scenario. In May 2026, 12-month inflation stood at 5.6%. Annual price growth amounted to 6.6% for food, alcoholic beverages and tobacco products, 5.7% for paid services...