At the end of the last year, the net foreign assets of Azerbaijani banks reached 27.19 billion manat ($15.99 billion), marking a 3.4% increase from the monthly average, 7.8% growth compared to the start of 2024, and an 18.1% rise from December 1, 2023, Report cited the Central Bank of Azerbaijan (CBA).

During the same period, net domestic assets of Azerbaijani banks totaled 17.5 billion manats ($10.29 billion), reflecting a 3.6% decline from the monthly average, an 11.8% decrease from the beginning of 2024, and a 13.9% drop compared to the annual average.

The nominal effective exchange rate of the Azerbaijani manat stood at 107.5 points on December 1, 2024, an increase of 2.1 points from the previous month, 5.5 points from the start of 2024, and 4.7 points from December 1, 2023. Meanwhile, the real effective exchange rate reached 122.6 points, showing a rise of 2.8 points from the previous month, 1.2 points since the beginning of 2024, and 0.2 points compared to the same date in 2023.