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Central Bank of Azerbaijan

 

Central Bank of Azerbaijan Logo

The Central Bank of Azerbaijan (CBA, Azerbaijani: Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The head office of the bank are located in the capital city Baku. CBA is Azerbaijan's monetary authority, and is responsible for the conducting the country's monetary policy and regulation of the banking and payment system. Primary objective of CBA as stated in the Act on CBA is price stability.

 
 

Secondary objective is to support a banking and payment stability. The CBA is owned by the Republic of Azerbaijan and managed by the Executive Board of the CBA. The Board is responsible for the supervising the administration and activities of the bank and for other statutory tasks. The bank is governed under the Act on the CBA, passed in 2004.

The bank has regional branch offices in Nakhichevan, Ganja, Yevlakh, Khachmaz, Goychay and Bilasuvar. The Central Bank began implementing reforms to meet international standards.

The important functions of the bank is as follows:

  ♦ Preserving the value of the national currency;
  ♦ Banker to the Government;
  ♦ Acts as an intermediary in monetary relation;
  ♦ Maintains stability in the domestic market; and
  ♦ It is the financer of the last resort.

The Monetary Policy and Financial Stability Committee of the Central Bank of the Republic of Azerbaijan is a consultative body created to establish and implement benchmarks for the monetary and exchange rate policies, as well as preserve financial stability.
 

Central Bank of Azerbaijan HQ Location Map

Central Bank of Azerbaijan
HQ Address: 32, R. Behbudov Str
Baku, Azerbaijan Republic, AZ1014
Telephone: +994 12 493 11 22
Facsimile: +994 12 493 55 41
Website: www.cbar.az
Swift Code: NABZAZ2C
Currency: Azerbaijani manat
Banking Hours:
Monday - Friday : 9.00am - 6.00pm
 

 

The Committee meetings issue recommendations for Management Board on changes to parameters of monetary policy tools, as well as the exchange rate policy. The Committee is led by Governor of the Central Bank. The Committee members include heads of the structural units directly involved in development and realization of the monetary and exchange rate policies of the Central Bank, as well as preserving financial stability.
 
 
 

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