BAKU, Azerbaijan, December 9. Azerbaijan’s
strategic foreign currency reserves continue to grow year by year,
and since the beginning of this year, they have risen
significantly, by $12.5 billion, reaching $83.5 billion, the
country's Prime Minister Ali Asadov said at today’s plenary session
of the parliament while discussing the draft laws included in the
2026 state budget package, Trend reports.
"In national currency terms, this equals 142 billion manat
($83.5 billion), which exceeds the expected GDP (Gross Domestic
Product) of 130 billion manat ($76.4 billion) for 2025," he
said.
The prime minister also noted that the country’s foreign
currency reserves stack up to 17 times more than its external
debt.
“Today, two leading global rating agencies, Moody’s Investors
Service (Moody’s) and Fitch Ratings (Fitch), have upgraded our
country’s credit rating. This confirms the level of economic
resilience, fiscal discipline, and a favorable investment
environment in our country.
Of course, all of this is a reflection of the successful foreign
and domestic policies and reforms carried out under the leadership
of President Ilham Aliyev,” he emphasized.
Stay up-to-date with more news on Trend News
Agency's WhatsApp channel
