Azerbaijan, Baku, April 13 Trend N. Ismayilova /
The Central Bank of Azerbaijan will submit new regulatory rules to Azerbaijani banks, CBA Director of the Department for the Supervision of credit institutions Rashad Orujev said.
"Now the central bank is developing a new regulatory framework in three areas - management of capital adequacy, liquidity management and financial reserve," he said.
"We are actively working with banks and we are interested in their opinions. This will be the economic standards. By the end of the month they will be provided to banks," he said.
Under the existing legislation, regulatory requirements for capital adequacy hit 12 percent. The minimum capital for existing and newly established banks is 10 million manat.
On April 13, the official exchange rate is 0.8035 manat to $1.