BAKU, Azerbaijan, August 12. The Central Bank of Azerbaijan (CBA) has presented its monetary policy framework in Singapore.
This was announced in a report released by the CBA following an international meeting on "Assessing the monetary policy position in the Asia and Pacific Region" held in Singapore on August 11-12, 2026, organized by the Asian Development Bank.
According to the report, Azerbaijan was represented at the event by the Director of the CBA Monetary Policy Department, Azer Alasgarov, and the Leading Economist of the Research Department, Elmir Mukhtarov.
During the event, Alasgarov made a presentation on the topic "Monetary policy framework in Azerbaijan" and briefed on the work done in recent years to strengthen the interest rate channel in the transmission of monetary policy in the country and its results.
Meanwhile, Mukhtarov's presentation on "Forecasting and assessment of monetary conditions" highlighted the forecasting methods applied at the CBA, the work done to increase analytical depth, and the methods for assessing monetary conditions.
Issues related to the monetary policy framework of the CBA and the future of the national currency have remained one of the main areas on the institution's agenda in recent times.
Earlier, the Executive Director of the CBA, Rashad Mammadov, told Trend that the bank's monetary policy builds on a balanced and sustainable approach.
"International experience, in particular the approach of the European Central Bank, shows that cash is an integral part of the financial system and, although its role has been transformed, its importance remains," Mammadov noted.
According to him, the CBA's main priorities in the cash sector include updating national banknotes, maintaining access to cash, optimizing money circulation, and strengthening the stability of payment systems.
Mammadov also said that work is underway to develop a concept for a new generation of national banknotes.
"The liberation of our lands from occupation and the restoration of the territorial integrity and sovereignty of Azerbaijan have conditioned our country to enter a new political and economic level in the region and the world. This, in turn, has brought to the agenda the issue of adapting our national currency, which is one of the main statehood attributes, to the new era and challenges," the official noted.
He added that the CBA conducted a public survey in 2024 to determine the concept theme of the new generation of national currency and subthemes for denominations, and at the next stage, it's planned to begin work on the creation of currency designs and their security systems in the new concept.
