Over the past ten years, the oil rain has been ending, and production has been falling rapidly. The Azerbaijani economy remains as simple as a stool: Americans and Britons come, bring technology, extract oil, sell it for dollars, and eat up dollars. It's like in Iraq or Saudi Arabia, but not in the UAE.

Azerbaijan has few gold and foreign exchange reserves - 11.6 billion dollars, less than Nepal. But there is a State Oil Fund with assets of 55 billion. Back in 2022, this fund was still being filled, but last year it began to be quickly eaten up ($8.5 billion came in, and $15.5 billion was spent, along with transfers to the budget).


Thats why ALIEV behave like that