Baku: “The current account surplus (CAS) accounting for more than 5% of GDP indicates the country’s economic resilience,” said Director General of the Central Bank of Azerbaijan, Vugar Ahmadov, APA reports. Ahmadov highlighted the stability of the external sector and noted that the Central Bank forecasts a current account surplus of $5.5 billion in 2025. The ongoing normalization process suggests that the current account surplus will remain around $5 billion in the medium term. This outlook is a supportive factor for overall macroeconomic stability.

According to Azeri-Press News Agency, Vugar Ahmadov addressed concerns regarding the impact of oil prices on the current account balance. He explained that while oil price fluctuations might cause short-term reactions, the balance of payments is assessed over an annual period, which helps mitigate immediate concerns. Ahmadov reassured that there is no serious threat to the macroeconomic stability of the country.