Azerbaijan's strategic currency reserves reached $85.056 billion as of January 1, 2025, marking a significant milestone for the country's financial stability.
Operative Information Center-OMM reports that 86.5 percent of the total reserves ($73.541 billion) are held by the State Oil Fund of the Republic of Azerbaijan (SOFAZ), while 13.5 percent ($11.514 billion) are managed by the Central Bank of Azerbaijan (CBA).
During the fourth quarter of 2024, the country's currency reserves increased by $3.584 billion, or 4.4 percent. Specifically, SOFAZ's reserves grew by $3.379 billion (4.8 percent), and the CBA's reserves rose by $204.4 million (1.8 percent). Over the past year, Azerbaijan's strategic currency reserves have surged by $14.165 billion, representing a 19.8 percent increase compared to the previous year.
The accumulation of these reserves serves as a critical buffer for Azerbaijan's economy, ensuring macroeconomic stability and supporting the national currency's peg to the US dollar. These funds, primarily derived from oil and gas revenues, are strategically managed to ensure long-term fiscal sustainability and to finance major infrastructure projects across the country, including the reconstruction of the liberated Garabagh and East Zangazur regions. The continued growth of these assets reflects the government's disciplined fiscal policy and the favorable global energy market conditions.
