Elman Rustamov

Azerbaijan's Central Bank issues 200 AZN banknotes

The presentation of a new banknote worth 200 manat was held at the Azerbaijani Central Bank yesterday. Chairman of the Central Bank of Azerbaijan Elman Rustamov said that taking into account the dynamical development of …

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Central Bank of Azerbaijan may soften monetary policy

The Central Bank of Azerbaijan (CBA) intends to consider possibility of softening monetary policy in mid-June, the central bank governor Elman Rustamov said. Rustamov also said that the restructuring of some of the …

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Azerbaijan carries out restructuring of banking sector

The Central Bank of Azerbaijan (CBA) has begun a restructuring of the banking sector and implementation of measures to strengthen its financial stability and risk management, CBA Chairman Elman Rustamov stated today during an …

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Azerbaijan plans to insure entire amount of bank deposit

At its next meeting the Azerbaijani Parliament will consider a bill that obliges to insure the entire amount of a bank deposit. It is worth noting that, to date, the maximum level of insurance payments on deposits amounts to 30 thousand manats, …

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Baku hosts World Chess Cup

The International Mugham Center in Baku is to host the opening ceremony of the World Chess Cup today, which is to come to an end on October 4th. Elman Rustamov, the head of the ...

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Baku awaits World Chess Cup

Today, in anticipation of the World Chess Cup, which starts tomorrow in the capital of Azerbaijan, a press conference was held, attended by the Minister of Sport and the head of the Chess Federation of the Republic, Azad Rahimov …

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EBRD to help Central Bank of Azerbaijan

The Central Bank of Azerbaijan has requested technical assistance from the European Bank of Reconstruction and Development (EBRD). Yesterday, CBA Chairman Elman Rustamov held negotiations on Baku with the Managing Director for

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