Azerbaijan recaps term loan manat and forex investments by November 2025
As of November 1, 2025, Azerbaijan’s term loans came in at 31.17 billion manat ($18.3 billion), with 544.8 million manat ($320 million) falling behind. Local loans came in at 26.9 billion manat ($15.8 billion), while foreign loans added up to 4.2 billion manat ($2.48 billion). Local-currency loans shot up by 11.9 percent year-on-year, while foreign-currency loans dropped down by 10.2 percent.
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