Azerbaijani manat gains strength, surpasses foreign currency in loans
As of July 1, 2025, Azerbaijan’s total loans stood at 30.2 billion manat ($17.8 billion), with 527.4 million manat ($311 million) overdue. Manat loans rose 16.3% to 26 billion manat ($15.3 billion), while foreign currency loans dropped 9% to 4.2 billion manat ($2.48 billion). Most manat loans were long-term, totaling 21.7 billion manat ($12.8 billion).
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