According to the State Statistical Committee of Azerbaijan, the country's strategic foreign exchange reserves reached $89.38 billion as of September 30, 2026, about 19.8 times its external public debt of $4.51 billion and six times the combined reserves of Armenia and Georgia. The reserves are about 10.9 times Georgia's $8.17 billion and 13.4 times Armenia's $6.66 billion. The total includes the Central Bank of Azerbaijan's (CBA) reserves, which stood at $15.36 billion on October 1, 2026, and the State Oil Fund (SOFAZ) assets of $72.6 billion at the end of the first half of 2026. The current account surplus reached $4.7 billion in the first half of 2026, or 12.4% of GDP, more than double the same period in 2025, as the average realized oil price rose 33% to $94.5 per barrel. CBA Chairman Taleh Kazimov said the reserves could cover about 41 months of imports of goods and services.
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