CBA governor: Azerbaijan has no limit on foreign currency purchases
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The Central Bank of Azerbaijan does not have a set target for its foreign exchange reserves. Governor Taleh Kazimov stated that the regulator has placed no limit on the purchase of foreign currency. The bank may buy around $1 billion in foreign currency by the end of 2026.
The Central Bank of Azerbaijan (CBA) has no specific target for the size of its foreign exchange reserves and has set no limit on currency purchases. The regulator may conduct foreign currency purchases worth approximately $1 billion by the end of 2026, CBA Governor Taleh Kazimov has said.