Organization: Central Bank of the Republic of Azerbaijan
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The Central Bank of the Republic of Azerbaijan is the financial institute, responsible for implementation of the monetary and currency policy of the country, organization of money circulation, management of the gold and forex reserves of

The Central Bank of the Republic of Azerbaijan is the financial institute, responsible for implementation of the monetary and currency policy of the country, organization of money circulation, management of the gold and forex reserves of Azerbaijan, development of the balance of payments, organization and regulation of the payment systems. The status, objectives, functions and powers, organizational and management structure, as well as relations with state authorities and other persons as the central bank of the state are defined by Law "On the Central Bank of the Republic of Azerbaijan" dated December 10, 2004.

The exclusive function of the Central Bank on issue of the national currency of the country is defined by the Constitution of Azerbaijan. The Central Bank is also governed by other domestic regulations and international treaties seconded by the Republic of Azerbaijan.

For the purposes of bank liquidity control, the Central Bank of the Republic of Azerbaijan issues discount short-term notes of the Central Bank of the Republic of Azerbaijan with the maturity period up to 1 year. Nominal value of the Bank's short-term notes is AZN 100; redemption is at nominal value. The notes of the Central Bank of the Republic of Azerbaijan are placed weekly on the Baku Stock Exchange platform through a price auction, and only licensed banks of Azerbaijan may take part in the auction.