In July the reserves of the Central Bank of Azerbaijan decreased by 121 million manat, or 2.8%. On July 29 the Central Bank reserves amounted to 4 billion 162.9 million manat, while at 30 June, the figure was 4 billion 283.9 million mantas, Statistical data have been published on the Central Bank website.
Compared with the same period of 2015, the Central Bank reserves decreased to 4 billion 338.6 million AZN, or 51%. Meanwhile, the rate of manat continues to depreciate against the dollar.
So, the official exchange rate USD/AZN at the CBA was announced at the level of 1.5883 on 2 August. In the beginning of August the rate of dollar to manat was 1.5851. -06D—
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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