Economic independence granted to Central Bank of Azerbaijan

Economic Department
Post's author

The Central Bank has been granted the economic independence in line with the bill on amending the law "On the Central Bank" approved by President Ilham Aliyev, Report informs.

According to the document, the funds received from the sale of the bank's assets or their disposal in other ways are attributed to its income.

Except for the case provided by this Law, the Central Bank of Azerbaijan is not responsible for the obligations of the state, and the state is not responsible for the obligations of the CBA.

Latest news

New opportunities opening up for Azerbaijani business in Central Asia 29 November, 2024 / 20:51
Renat Bekturov: Azerbaijan can leverage AIFC for green and Islamic finance 29 November, 2024 / 20:46
Azerbaijan increases methanol export revenues by almost 15% 29 November, 2024 / 20:42
IDF reports strike on Hezbollah rocket launcher in Lebanon 29 November, 2024 / 20:30
WTO chief commends Hungary's economic neutrality approach 29 November, 2024 / 20:09
Azerbaijan represented at book fair in Ankara 29 November, 2024 / 20:05
Azerbaijan, Sweden discuss cooperation priorities within IOTA 29 November, 2024 / 19:56
Syrian authorities announce restoration of control over certain positions 29 November, 2024 / 19:41
Protesters in Tbilisi plan to block strategic facilities 29 November, 2024 / 19:38
CBA discusses change management during uncertainty period with more than 40 central banks 29 November, 2024 / 19:35
Foreigners' spending via card in Azerbaijan down 24% 29 November, 2024 / 19:18
NATO flexes muscles in Finland's Baltic waters 29 November, 2024 / 19:12
UN sets up advisory body for underwater cable protection 29 November, 2024 / 19:08
Azerbaijani artists showcase "Art for a Greener Future" in Paris 29 November, 2024 / 19:00
SOCAR Management maintains leadership among state enterprises in non-oil and gas exports 29 November, 2024 / 18:46