Central Bank of Azerbaijan

Central Bank of the Republic of Azerbaijan
Azərbaycan Respublikasının Mərkəzi Bankı
National emblem
National emblem
HeadquartersBaku
Coordinates40°22′43″N 49°50′43″E / 40.378661°N 49.845386°E / 40.378661; 49.845386
Established12 February 1992; 32 years ago (1992-02-12)[1]
Ownership100% state ownership[2]
GovernorTaleh Kazimov
Central bank ofAzerbaijan
CurrencyAzerbaijani manat
AZN (ISO 4217)
Reserves11.8 billion USD (as of 03.06.2024) [3]
Websitewww.cbar.az

The Central Bank of Azerbaijan (CBA, Azerbaijani: Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku.

The National Bank of the Republic of Azerbaijan was established by Decree of President of the Republic of Azerbaijan on Establishment of the National Bank of the Republic of Azerbaijan dated 11 February 1992.[4] The National Bank of the Republic of Azerbaijan was renamed to “The Central Bank of the Republic of Azerbaijan” upon enactment of the Referendum Act of the Republic of Azerbaijan on “Making additions and amendments to the Constitution of the Republic of Azerbaijan” dated 18 March 2009.[5]

The status, goals, functions and authorities, as well as the management and organizational structure of the Central Bank of the Republic of Azerbaijan, relations with public authorities and other persons as the central bank of the state, are determined by the Law of the Republic of Azerbaijan “On the Central Bank of the Republic of Azerbaijan” dated 10 December 2004. The Central Bank’s exceptional function of issue of the national currency of the country is specified in the Constitution of the Republic of Azerbaijan. The Central Bank is also guided by other legislative acts of the Republic of Azerbaijan and international treaties seconded by the Republic of Azerbaijan.[6]

  1. ^ "Central Bank of the Republic of Azerbaijan – History". www.cbar.az.
  2. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  3. ^ "Rəsmi valyuta ehtiyatları (mln. USD)". Azərtac (in Azerbaijani). Retrieved 2020-07-29.
  4. ^ "Banking system of Azerbaijan - Azerbaijan.az". azerbaijan.az. Retrieved 2024-04-16.
  5. ^ "Central Bank of Azerbaijan | Devex". www.devex.com. Retrieved 2024-04-16.
  6. ^ "©2013 International Monetary Fund IMF Country Report No. 13/165 REPUBLIC OF AZERBAIJAN" (PDF). International Monetary Fund. 2024.