Azerbaijan's Banks Trim Foreign Debt, Boost Financial Independence

2025-06-06 03:09:24

(MENAFN- AzerNews)

In the complex world of global finance, economic resilience often speaks louder than rapid expansion. For Azerbaijan, a country strategically navigating both regional dynamics and economic modernization, the latest data from the Central Bank tells a quiet but powerful story of prudence and stability. As of May 1st, the external liabilities of Azerbaijani banks stood at 2.369 billion manats (approximately $1.39 billion), marking a decrease of 215.8 million manats ($127 million) since the beginning of the year.

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