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10-Nov-2017 16:14

The CBA is owned by the Republic of Azerbaijan and managed by the Executive Board of the CBA.

Article 14 – Banking System and Money Circulation – of the Constitutional Law on the Basis for Economic Independence of the Republic of Azerbaijan, dated May 25, 1991, stipulated the legal basis of the independent banking system and circulation of the national monetary unit of Azerbaijan, as well as set the status and authorities of the central bank.

The Central Bank is solely accountable to President of the Republic of Azerbaijan.