Baku: Economy Minister Mikayil Jabbarov announced that Azerbaijan has not encountered any devaluation risks in the past five years. He made this statement during a meeting of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship, where the ‘State Budget Package of the Republic of Azerbaijan for 2026’ was under discussion.

According to Azeri-Press News Agency, Minister Jabbarov referred to the devaluation event in 2015 as a point of contrast. He highlighted the significant difference between the financial resources available in the State Oil Fund back then and now. The minister emphasized that the current spending policy is being executed with a high level of responsibility, ensuring stable economic conditions and avoiding devaluation concerns.