Azerbaijan’s Economic Stability Underscored by Long-Term Currency Strength: President Ilham Aliyev

Baku, The Gulf Observer: President Ilham Aliyev has reaffirmed the stability of Azerbaijan’s financial and economic environment, highlighting the long-term steadiness of the national currency as a key indicator for investors.

Speaking at the Azerbaijan-Czechia business forum, the head of state noted that the country’s currency has remained stable for nearly a decade. “Azerbaijan’s financial and economic situation is stable. For many years—already nine years—our currency has been stable,” President Aliyev said.

He emphasized that the exchange rate has remained unchanged since 2017, with one US dollar consistently valued at 1.7 manat. According to the president, such stability serves as an important signal of economic reliability for both domestic and international investors.

President Aliyev underscored that currency stability is a crucial factor in attracting investment, as it reflects broader macroeconomic discipline and strengthens confidence in the country’s financial system.

The remarks were made in the context of ongoing efforts to enhance economic cooperation and investment ties between Azerbaijan and Czechia.