Azerbaijan’s manat faces global dollar surge with $15 bln buffer

There are solid economic grounds for the stability of the Azerbaijani manat against the US dollar until the end of 2026. The inflow of dollars generated in the country's external sector currently keeps the dollar supply strong. However, at the same time, persistently high inflation in the US and a stronger-than-expected labor market could lend renewed support to the global dollar. This is precisely where the main question arises for the manat: to what extent can the abundance of dollars in Azerbaijan compensate for the pressure created by the appreciation of the global dollar?