Azar Alaskarov, Director of the CBA's Monetary Policy Department, has been appointed Director General of the institution. He replaces Vugar Ahmadov, who resigned in August.
AI will summarize what happened, why it matters and what it means for business.
The Central Bank of Azerbaijan has made a new appointment.
Azar Alaskarov, Director of the CBA's Monetary Policy Department, has been appointed Director General of the institution.
He replaces Vugar Ahmadov, who resigned in August.
The number of directors general has thus returned to 10.
Vugar Ahmadov resigned as Director General of the CBA
Azar Alaskarov has been appointed Director General of the Central Bank of Azerbaijan, succeeding Vugar Ahmadov.
Alaskarov is expected to take up his duties; further personnel decisions are possible.
A CBDC is digital money that is a direct central bank liability, denominated in the national monetary unit.
2 min →Zeyni Jafarov. “Azar Alaskarov Appointed Director General of Central Bank of Azerbaijan”. FinFly.news, October 2, 2026. URL: https://finfly.news/en/economy/azar-alaskarov-appointed-director-general-central-bank-azerbaijan
The Central Bank of Azerbaijan runs monetary policy and oversees the manat and the financial sector.
