Central Bank of Azerbaijan - Central bank
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The Central Bank of Azerbaijan (CBA) is a state institution founded on February 12, 1992 as the National Bank. It was renamed the Central Bank in March 2009. The head office is located in Baku.
The current Governor is Taleh Kazimov, appointed in 2022.
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Determines the exchange rate of the manat and implements monetary policy
Manages the country’s cash flow and reserves
Regulates banks, insurance, foreign exchange, and pricing
Oversees payment systems
Issues banknotes and commemorative coins
Grants licenses and supervises financial institutions
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“Mikromaliyyə Modeli” adlı mikro Launched a microfinance platform called Mikromaliyyə Modeli
Hosted the Fintex Summit 2025
Established cooperation with the Central Bank of the UAE and other countries
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Official foreign exchange reserves (as of June 30, 2025): $11.15 billion
Total loans issued: 28.3 billion AZN
Population deposits: 15 billion AZN
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Key interest rate: 7.25%, corridor: 6.25–8.25%
Interbank rate (AZIR): approx. 7.1% (as of July 3, 2025)
Banks are increasing reserves, making the system more resilient
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July 9: Delegations from Switzerland and Kazakhstan visited
July 3: Payment system “MilliKart” received a license
July 7: New liquidity management regulations introduced
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All materials are available at cbar.az:
Annual reports
Policy and stability reviews
Infographics on digital payments
Statistics
Job applicant section
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December 2024: Gulyar Pashayeva appointed Vice Governor
May 2025: MoU signed with the Central Bank of the UAE
June 2025: Fintex Summit held
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Risk and liquidity management regulations available on the official website
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Open positions listed in the “Information for job applicants” section on the website, with requirements and application forms
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Financial literacy portal
Online training programs
Sale of commemorative coins
Development of digital payments
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Available in the Annual Reports section of the CBA website:
Annual reports
Monetary policy statements
Financial stability analysis
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By December 2025, banks are required to transition to 100% LCR
Support for microfinance
Expansion of international cooperation
Promotion of fintech and digital solutions
