According to the updated forecasts of the Central Bank of the Republic of Azerbaijan (CBA), if current trends persist, current account will remain in surplus by the end of 2024, Paralel.Az-Economics reports citing CBA.

It was noted that the balance of payments surplus supports FX market equilibrium. Trade surplus, the core balance of payments component, amounted to $2.3B in Q1 2024. According to updated forecasts, if current trends persist, current account will remain in surplus by the end of 2024.