BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Central Bank of Azerbaijan Central Bank of Azerbaijan 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 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.     DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved