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 01.07.2026

1 USD

1.7000

1 EUR

1.9394

↑

100 RUB

2.1697

↓

1 TRY

0.0364

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 30.06.2026

AZIR (Azerbaijan Interbank Rate)i

6.4180%

30-day compounded AZIR

6.4493%

90-day compounded AZIR

6.4874%

180-day compounded AZIR

6.6041%

AZIR Compounded Index

112.282618

📄 Methodology for AZIR 📄 Compounded Term Indices

01.07.2026

Information on Central Bank’s intervention in the FX market

1 July 2026, Baku: A surplus in the current account and ongoing de-dollarization have kept foreign currency supply above demand in the foreign exchange market. Supply exceeded demand in both the cash and non-cash segments of the market. The Central Bank conducted purchase interventions totaling $394 million in June. As previously communicated, Central Bank’s purchase intervention totaled $1 billion in April. As a result of foreign exchange market operations and income derived from the management of foreign exchange reserves, in June the Central Bank’s foreign exchange reserves increased by $445 million in June and by $1,64 billion since the beginning of the year. ...