As of October 1, 2025, Azerbaijan’s strategic foreign exchange reserves totaled USD 81.5 billion, marking an increase of USD 8.01 billion compared to 2024. This amount is approximately 17 times higher than the country’s external public debt. In 2025, the State Oil Fund’s revenues and expenditures were balanced (USD 7.7 billion = USD 7.7 billion), and no decline in reserves is expected. According to AZERTAC, Minister of Finance Sahil Babayev announced this during a meeting of the Milli Majlis Committee on Economic Policy, Industry, and Entrepreneurship held on November 4.

As of October 1, 2024, Azerbaijan’s strategic foreign exchange reserves stood at USD 73.49 billion, of which 83.95% (USD 61.7 billion) belonged to the State Oil Fund (SOFAZ) and 16.05% (USD 11.8 billion) to the Central Bank of Azerbaijan (CBA). Over 2024, the country’s foreign exchange reserves increased by USD 8 billion 194.1 million, or 12.55%.