Baku: Azerbaijan’s strategic foreign exchange reserves have reached a significant milestone, climbing to $82.5 billion as of November 1. This announcement was made by Taleh Kazimov, Chairman of the Central Bank, during a discussion on the draft law “On the State Budget of the Republic of Azerbaijan for 2026” at the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship meeting.

According to Azeri-Press News Agency, the Central Bank’s foreign exchange reserves have specifically increased to $11.4 billion. Taleh Kazimov highlighted that the current strategic foreign exchange reserves are sufficient to cover the country’s import needs for goods and services for 37 months, underscoring Azerbaijan’s strengthened economic position.