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Azerbaijan’s CBA may receive powers to conclude int'l treaties and agreements

Economy Materials 5 June 2023 10:59 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 5. The new draft law on amendments to the law "On the Central Bank" proposes to grant the Central Bank of Azerbaijan the right to conclude agreements and contracts, Trend reports.

The Central Bank may be able to negotiate and conclude cooperation agreements with central banks of other countries, international financial and credit organizations and institutions, as well as conclude clearing and other agreements.

Until the law is in force, the CBA is not independent in concluding such agreements.

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