National Bank of Azerbaijan


National Bank of Azerbaijan

The National Bank of Azerbaijan (NBA, _az. Azərbaycan Milli Bankı) is the central bank of Azerbaijan, emitting Azerbaijani manat. The bank is located at 32 Rashid Behbudov Street in Baku. In early 1992, former Soviet banks were incorporated into the National Bank of Azerbaijan; The 1992 Law on Banks and Banking Activity and the Law on the National Bank established the NBA as the top level of the new system and commercial banks (state and private) on the second level. However, in 1993 the system was undermined by poor technology, large unresolved debts among state- enterprises, irregular participation by enterprises, and bank delays in transferring funds. The main bank for the exchange of funds among private and state enterprises is the Industrial Investment Joint Stock Commercial Bank. A limitation on FDI in the banking sector was reduced when the NBA increased the limit on participation of banks with foreign ownership from 30 to 50 percent of the commercial banking market. In June 2002, the NBA liberalized some overseas transfer provisions for Azerbaijani legal residents, including an increase of advance payments for import transactions from $10,000 to $25,000 and waiver of all restrictions for withdrawing foreign currency in cash.

ee also

*Economy of Azerbaijan

External links

* en icon [http://www.nba.az National Bank of Azerbaijan]


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • National parks of Azerbaijan — refers to the situation and the listing of national parks in the Republic of Azerbaijan. The national parks of Azerbaijan are run by the Ministry of Ecology and Natural Resources. The first national park that was established in Azerbaijan, is the …   Wikipedia

  • National Bank of Romania — Banca Naţională a României (Romanian) …   Wikipedia

  • National Bank of Slovakia — Národná banka Slovenska (Slovak) …   Wikipedia

  • National Bank of Moldova — Banca Naţională a Moldovei (Romanian) Headquarters Chişinău Established 1991 Governor Dorin Drăguţanu Central bank of Moldova Currency Moldovan leu …   Wikipedia

  • National Bank of Ukraine — Національний банк України National Bank of Ukraine building …   Wikipedia

  • National Bank of Latvia — (Latvian: Latvijas Banka) …   Wikipedia

  • National Bank of Belgium — Nationale Bank van België (Dutch) Banque nationale de Belgique (French) Belgische Nationalbank (German) …   Wikipedia

  • National Bank of Ethiopia — የኢትዮጵያ ብሔራዊ ባንክ Headquarters Addis Ababa, Ethiopia Established February 15, 1906 Chairman Newaye Christos Gebreab Central bank of Ethiopia Currency Ethiopian birr …   Wikipedia

  • National Bank of Kazakhstan — Қазақстан Ұлттық Банкі Headquarters Almaty Established April 13, 1993 (1993 April 13) Governor Grigori Marchenko Central bank of Kazakhstan Currency …   Wikipedia

  • National Bank of the Republic of Abkhazia — Аҧсны Аҳәынҭқарра Амилаҭтә Банк (Abkhaz) Национальный банк Республики Абхазия (Russian) …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.