BAKU, Azerbaijan, May 23. The Central Bank of Azerbaijan’s (CBA) liabilities to the International Monetary Fund (IMF) amounted to 1.17 billion manat ($693 million) as of the end of last year.
The data obtained by Trend from the CBA shows that this metric experienced
a contraction of 37 million manat ($22 million), reflecting a
decrement of 3.1 percent relative to the terminal point of the
preceding fiscal year (1.21 billion manat or $710 million).
Throughout the designated reporting interval, the Central Bank
Authority's aggregate asset portfolio at the International Monetary
Fund was quantified at 1.13 billion manat (equivalent to $666
million), reflecting a contraction of 79 million manat (or $47
million), translating to a decrement of 6.5 percent relative to the
fiscal closure of 2023, which stood at 1.2 billion manat (or $709
million).
The Central Bank (previously known as the National Bank) was founded in the Republic of Azerbaijan by a decree from the President on the 'Establishment of the National Bank in the Republic of Azerbaijan' dated 11 February 1992. A legal framework enables the Central Bank to more effectively fulfill its objectives and functions across all operational domains, delineating its primary responsibilities: formulating and executing monetary and exchange rate policy, overseeing currency circulation, regulating and advancing centralized interbank and other licensed payment systems, and managing gold and foreign exchange reserves.
