BAKU, Azerbaijan, September 14. The volume of
notes outstanding issued by the Central Bank of Azerbaijan (CBA)
exceeded 1.7 billion manats ($1.03 billion) for the first time in
its history.
According to the CBA, the volume of notes outstanding stood at 1
billion 758 million manats ($1.034 billion) as of September 10,
2026.
The total value of the notes increased by 77.7 million manats
($45.7 million), or 4.6%, on September 10 compared with September
9.
The volume of notes outstanding has also continued to increase
throughout the year. The figure stood at 1 billion 156.35 million
manats ($680.2 million) on January 30, rising to 1 billion 161.41
million manats ($683.2 million) on February 27 and 1 billion 165.68
million manats ($685.7 million) on March 31. The figure reached 1
billion 268.65 million manats ($746.3 million) on April 30, 1
billion 271.24 million manats ($747.8 million) on May 26, 1 billion
315.76 million manats ($774.0 million) on June 30, 1 billion 376.79
million manats ($809.9 million) on July 31, and 1 billion 530.13
million manats ($900.1 million) on August 31.
Thus, from the end of January through September 10, the volume
of notes outstanding increased by approximately 601.7 million
manats ($353.9 million), or 52%.
The interest rates on the notes, depending on their maturity,
were as follows:
28-day notes — 6.26%;
84-day notes — 6.19%;
168-day notes — 6.14%;
252-day notes — 6.24%.
Thus, the lowest current interest rate is 6.14% for 168-day
notes, while the highest is 6.26% for 28-day notes.
CBA notes are one of the central bank’s monetary policy
instruments. By issuing these securities, the central bank
influences liquidity management in the banking system and the
regulation of interest rates in the money market. Banks and other
investors place funds in these instruments to earn returns, while
the central bank gains an additional tool for managing the money
supply in the market.
