Elman Rustamov appointed as head of Azerbaijani Central Bank
Azerbaijani President Ilham Aliyev signed a decree appointing Elman Rustamov as chairman of the Central Bank of Azerbaijan, Trend reports. …
Elman Rustamov
Azerbaijan's Central Bank decreases interest rate to 7.25%
The Board of the Central Bank of Azerbaijan has decided to reduce the interest rate by 0.25 percentage points from 7.5 to 7.25%. The lower threshold of the interest rate corridor was reduced from 5.75 to 5.5%, while the upper threshold …
Azerbaijan's Central Bank lowers discount rate to 7.75%
The Central Bank of Azerbaijan has reduced the discount rate from 8 to 7.75%, CBA Chairman Elman Rustamov said at a press conference. Rustamov noted that the stabilization of oil prices in recent months, low …
Central Bank of Azerbaijan cuts discount rate to 8.25%
The Central Bank of Azerbaijan (CBA) has reduced the discount rate from 8.5% to 8.25%, with the decision to enter into force on July 29, chairman of the CBA Elman Rustamov said at a press conference. According to …
Azerbaijan's central bank cuts rate to 8.75%
Azerbaijan’s central bank cut its refinancing rate to 8.75% from 9%, CBA Chairman Elman Rustamov said. The central bank also lowered its rate corridor by the same margin, nudging the lower boundary down to …
"Macroeconomic situation stable in Azerbaijan"
The Central Bank of Azerbaijan has cut the discount rate from 9.75% to 9.25%, chairman of the CBA Elman Rustamov said at a press-conference in Baku. According to him, there are no prerequisites in Azerbaijan for the …
Azerbaijan's central bank cuts refinancing rate again
Azerbaijan’s central bank said today it cut the refinancing rate to 10% from 11%, CBA Chairman Elman Rustamov said at a press conference. The central bank also said it held the lower boundary of the rate corridor …
Azerbaijan's Central Bank issues 200 AZN banknotes
The presentation of a new banknote worth 200 manat was held at the Azerbaijani Central Bank yesterday. Chairman of the Central Bank of Azerbaijan Elman Rustamov said that taking into account the dynamical development of …
Central Bank of Azerbaijan may soften monetary policy
The Central Bank of Azerbaijan (CBA) intends to consider possibility of softening monetary policy in mid-June, the central bank governor Elman Rustamov said. Rustamov also said that the restructuring of some of the …
Law enforcement bodies of Azerbaijan deal with ‘currency black market’
Law enforcement agencies in Azerbaijan have been involved in the process of fight against "currency black market". Azerbaijani Central Bank chairman Elman Rustamov has stated that fighting is coordinated by …
Chairman of Azerbaijani Central Bank to visit Iran today
The head of the Central Bank of Azerbaijan, Elman Rustamov, will visit Iran today. The visit will take place at the invitation of his Iranian counterpart, the Ambassador of Iran to Baku, Mohsen Pak …
Elman Rustamov anounces volume of loans granted to banking sector
The Central Bank of Azerbaijan (CBA) has granted about 1 billion manats to the banking sector, without taking into consideration the swap operations, the head of the Central Bank of Azerbaijan, Elman Rustamov, said. A …
Central Bank of Azerbaijan dispels rumors about devaluation of manat
The head of the Central Bank of Azerbaijan, Elman Rustamov, has dispelled rumors about the manat's further devaluation on the eve of Novruz. Rustamov noted that the Azerbaijani manat is strengthening. In addition, the state …
Azerbaijan carries out restructuring of banking sector
The Central Bank of Azerbaijan (CBA) has begun a restructuring of the banking sector and implementation of measures to strengthen its financial stability and risk management, CBA Chairman Elman Rustamov stated today during an …
Azerbaijani economy should orientate towards $25-30 for oil, CBA says
The head of the Central Bank of Azerbaijan (CBA), Elman Rustamov, stated at a session of the Parliament that the country's economy should be built around a price of oil at 25-30 dollars per barrel. "Right now, …
Azerbaijan plans to insure entire amount of bank deposit
At its next meeting the Azerbaijani Parliament will consider a bill that obliges to insure the entire amount of a bank deposit. It is worth noting that, to date, the maximum level of insurance payments on deposits amounts to 30 thousand manats, …
Deposits of population are exempt from income tax in Azerbaijan
The head of the Central Bank of Azerbaijan (CBA) Elman Rustamov stated that starting from February 1st, physical deposits in the country's banks will be exempt from income tax. He recalled that this privilege …
Head of IMF mission in Azerbaijan to visit Baku on December 21
The new head of the International Monetary Fund (IMF) in Azerbaijan, Mohammed el Gorchi, will arrive in Baku on December 21. He will meet with the head of the Central Bank of Azerbaijan, Elman Rustamov, …
Baku hosts World Chess Cup
The International Mugham Center in Baku is to host the opening ceremony of the World Chess Cup today, which is to come to an end on October 4th. Elman Rustamov, the head of the ...
Baku awaits World Chess Cup
Today, in anticipation of the World Chess Cup, which starts tomorrow in the capital of Azerbaijan, a press conference was held, attended by the Minister of Sport and the head of the Chess Federation of the Republic, Azad Rahimov …
