Description:

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.The National Bank of the Republic of Azerbaijan was renamed as ‘The Central Bank of the Republic of Azerbaijan’ due to entry into legal force of the Referendum Act of the Republic of Azerbaijan dated 18 March 2009 on ‘Making additions and amendments to the Constitution of the Republic of Azerbaijan’.

The status, goals, functions and authorities, as well as 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.

To read more about the Central bank follow the link

https://www.cbar.az/page-3/about-us?language=en