16:55 - 13.06.2025

---

June 13, Fineko/abc.az. Maintaining the currency corridor in Azerbaijan amid declining trade surplus and growing uncertainty in the energy market may eventually increase interest in country's foreign exchange market.

ABC.AZ reports, referring to the survey of ING Group, the largest Dutch banking group, 4 CIS countries - Azerbaijan, Armenia, Uzbekistan and Kazakhstan — face increased inflationary risks despite the general strengthening of national currencies.

"Due to a slight decrease in global volatility, the attention of the markets is again shifting to internal challenges. The region's currencies are strengthening against the US dollar. But their growth is limited by internal macroeconomic and political factors. At the same time, inflationary pressures are intensifying and creating difficulties for central banks," ING said in a report.

Over the past four weeks, the currencies of 4 CIS countries have strengthened by 1.5-2% against the American currency, with the exception of the Azerbaijani manat, which is rigidly pegged to the dollar. Analysts noted that this mainly reflects the general weakening of the dollar amid rising prices for commodity assets: Brent crude oil rose by 6-7%, gold by 1%, and the Russian ruble strengthened by 3%.