CBA
Azerbaijan central bank and Binance discuss crypto regulation and tokenization
The talks covered testing crypto products in a special regulatory regime and opportunities to tokenize real-world assets.
Caucasus forum discusses cross-border financial technology testing
A CBA representative joined talks on cross-border payments and regulatory experimentation in Tbilisi. No common testing regime has been launched.
Central Bank of Azerbaijan Fines MJ Finance Official for AML/CFT Violations
The Central Bank of Azerbaijan has fined an official of non-bank credit organization MJ Finance for violations of anti-money laundering and counter-terrorism financing legislation. The court imposed a fine of 2,000 manats.
Azerbaijan's Central Bank Confirms Inflation Forecast for 2026–2027
The Central Bank of Azerbaijan maintains its average annual inflation forecast at 6.1% for 2026 and 5.8% for 2027, according to Governor Taleh Kazimov.
Central Bank Governor: Azerbaijan's Economic Diversification Depends on 2027-2030 Reforms
Central Bank of Azerbaijan Chairman Taleh Kazimov said monetary policy supports economic diversification but cannot ensure it alone. Reforms planned for 2027-2030 will play a key role.
CBA and Bank of New York Mellon Discuss Expanding Cooperation
The head of Azerbaijan's Central Bank, Taleh Kazimov, and BNY Mellon Vice Chairman Hani Kablawi held talks on prospects for interaction on the sidelines of the World Bank and IMF meetings.
Central Bank of Azerbaijan Finalizes Draft Amendments on Mandatory Property Insurance
The Central Bank of Azerbaijan has announced that legislative amendments on mandatory property insurance are in the final stage of coordination. The goal is to improve payout transparency and more accurately determine insured sums.
Azerbaijan's Banks Introduce Unified Limit on Gambling Transactions
Financial institutions in Azerbaijan have agreed to unify restrictions on transactions related to illegal gambling and bookmaking. Now, no more than five such transactions are allowed per card.
CBA: Azerbaijan not yet ready for high bank concentration
Central Bank of Azerbaijan CEO Shahin Mahmudzade said the country is not ready for a high level of concentration in the banking sector, although the indicator has declined over the past four years.
IMF Provides Recommendations to Azerbaijan's Central Bank on Strategic Planning
An IMF technical assistance mission visited the Central Bank of Azerbaijan and presented recommendations on strategic planning and risk management. The results were discussed at a meeting with the regulator's leadership.
CBA: New Payment System Tariffs Will Not Directly Affect Citizens
The Central Bank of Azerbaijan clarified that the approved tariffs for the Interbank Card Center apply only to banks and payment organizations, not to end users.
CBA: All Banks Connected to Instant Payments Opens Fintech Access to Regional Markets
CBA Deputy Chairman Vusal Khalilov said that connecting all Azerbaijani banks to the instant payment system has created broad opportunities for fintech companies, including entry into the markets of Turkey, Uzbekistan, Kazakhstan and other regional countries.
Azerbaijan's Banking Sector Assets Up 12.2% Year-on-Year
As of September 1, the assets of Azerbaijan's banking sector reached 62.476 billion manats, up 12.2% year-on-year. The CBA reported on reforms to strengthen the financial system.
Azar Alaskarov Appointed Director General of Central Bank of Azerbaijan
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.
Azerbaijan's Central Bank Foreign Exchange Reserves Reach $15.36 Billion
As of October 1, 2026, the Central Bank of Azerbaijan's foreign exchange reserves stood at $15 billion 363.4 million, up 0.4% month-on-month.
Russia's Direct Investment in Azerbaijan Up 1.8 Times
In the first half of 2026, Russia's foreign direct investment in Azerbaijan reached $237.119 million, 1.8 times more than a year earlier. The counterflow of investment from Azerbaijan to Russia fell by 20.6%.
Azerbaijan's Banking Sector Profit Rises 22.65%
In January-August 2026, the net profit of Azerbaijan's banking sector reached 949.7 million manats, up 22.65% year-on-year.
Azerbaijan's Cash Currency Demand Exceeds Supply by $673 Million
The Central Bank of Azerbaijan reported that in January-August 2026, cash foreign currency purchases exceeded sales by $673 million. The regulator's foreign exchange reserves grew by 32.9% to $15.3 billion.
Azerbaijan's Remittance Balance Up 74.1%
In January–August 2026, Azerbaijan's remittance balance reached $751 million, up 74.1% year-on-year. The Central Bank of Azerbaijan (CBA) may raise its current account surplus forecast.
Remittances to Azerbaijan up 40% in first half of 2026
Incoming remittances to Azerbaijan rose 40% in the first half of 2026 to $748.464 million, with the bulk coming from Russia, Turkey, the US, Ireland and Georgia.
Azerbaijan's Reserve Assets Rise by $1.4 Billion in First Half of 2026
The Central Bank of Azerbaijan reported a $1.4 billion increase in realized reserve assets in the first half of 2026, with significant dynamics in capital flows and investments.
Gold and Platinum Group Metal Prices in Azerbaijan Decline Over the Week
From September 7 to 11, gold fell 1.5%, palladium 7.3%, silver 3.3%, and platinum 1%. Average weekly prices showed mixed dynamics.
Azerbaijan's Central Bank and World Bank Discuss Cooperation and Technical Assistance Projects
CBA Chairman Taleh Kazimov met with a World Bank delegation led by Regional Director for the South Caucasus Roland Price. They discussed current cooperation, investment projects and prospects.
Azerbaijan's Central Bank Buys $1.5 Billion on Forex Market in August
The Central Bank of Azerbaijan conducted forex interventions totaling $1.5 billion in August, boosting reserves to a historic high of $15.3 billion.