BAKU, Azerbaijan, December 12. The total value
of deposits held by the population in Azerbaijani banks has reached
the equivalent of 15.9 billion manat ($9.35 billion) in national
currency as of November 1, 2025, marking an 11.5% rise compared to
the same period last year.
Data obtained by Trend from the Central Bank of Azerbaijan (CBA)
demonstrates that, out of the aggregate deposits, 68.8% were
denominated in the domestic currency, whereas 31.2% were allocated
in foreign currencies. National currency deposits experienced a
robust uptick of 15.4%, while foreign currency deposits exhibited a
more modest growth trajectory of 3.7% on a year-over-year
basis.
The Central Bank was founded in the Republic of Azerbaijan by a
decree from the President on the 'Establishment of the National
Bank in the Republic of Azerbaijan,' dated 11 February 1992. A
legal framework enables the Central Bank to more effectively
fulfill its objectives and functions across all operational
domains, delineating its primary responsibilities: formulating and
executing monetary and exchange rate policy, overseeing currency
circulation, regulating and advancing centralized interbank and
other licensed payment systems, and managing gold and foreign
exchange reserves.
