Azerbaijan
Azerbaijan central bank raises rates for fourth time this year as currency plummets
Falling oil and gas prices have major impact on Azerbaijan’s economy; IMF calls for major banking sector reforms
Nonlinear models struggle to outperform VARs, Azerbaijani paper finds
Central bank’s first working paper finds various different nonlinear forecasting models perform poorly against autoregressive and VAR models, and even random walks
Azerbaijan SWF looks to Chinese equities after foray into renminbi
The State Oil Fund of the Republic of Azerbaijan is ‘planning to gain exposure to Chinese equity markets’ after successfully investing in yuan-denominated instruments
Azerbaijan to legislate central bank recapitalisation
Parliament prepares draft law to recapitalise Central Bank of Azerbaijan after foreign exchange losses leave balance sheet in the red
Azerbaijan devalues currency by a third
Central bank follows up last week’s decision to abandon its peg in favour of a currency basket by devaluing the manat by 34% against the US dollar
Central Asian currencies under threat as Azerbaijan abandons peg
The Central Bank of Azerbaijan’s decision to drop its dollar peg and move to target a basket could have knock-on effects throughout the region, where currencies are already under pressure
Central Bank of Azerbaijan hits back at FX critics
Forex interventions made in 2014 – buying foreign currency throughout the year and then reversing the trades in a single month – were essential for maintaining stability, central bank says
Iran takes transparency lesson from Azerbaijan's SWF
Iran's sovereign wealth fund managers travelled to Azerbaijan to discuss improving fund transparency and international co-operation
Central Bank of Azerbaijan tackles counterfeiting
Central bank hosts workshop on combating currency counterfeiting; cash managers from banks and law enforcement agencies are told the local currency has become "strong"
Azerbaijan central bank deputy governors up for reappointment
Candidates for roles of first and two other deputy governors revealed as existing board members; appointments require full parliamentary support
Azerbaijan releases new strategic plan
Document sets out response to changing economic climate; highlights nine targets for supporting macroeconomic stability and growth in the country
Azerbaijan working to improve banking sector
Helped by the IFC and the World Bank, central bank is training bank board members in oversight and risk management best practices
Central Bank of Azerbaijan opens primary school
Azerbaijani central bank pushes corporate-social responsibility agenda with help of newly-established communications department
Azerbaijan to move to DSGE model
National Bank of Azerbaijan will switch to consolidated DSGE framework by year-end; deputy research director says model valued for overall coherence and ability to factor in irrational behaviour
Azerbaijan central bank pushes to privatise banks
Central bank chairman Elman Rustamov outlines plans to privatise the Azerbaijan’s banking sector
Azerbaijan revokes money-transfer ban
The National Bank of Azerbaijan has repealed a ban on remittances made through two of the money-transfer industry's biggest names.
Rustamov explains Azerbaijani rate move
An increase in interest rates from 13% to 14% on 10 April will not have a direct impact on banks' rates, according Elman Rustamov, the chairman of the National Bank of Azerbaijan.
New SWF event to be held in London
Whether being portrayed as villains for their opacity and secrecy, or as saviours for shoring up the capital bases of some of the biggest investment banks, sovereign wealth funds have seldom been off the front page of late.
Azerbaijan's inflation "likely to slow"
Elman Rustamov, the National Bank of Azerbaijan's board chair, told a press conference Friday 11 May that inflation is likely to slow from its current 16% annual rate.
Russia and Azerbaijan agree on banking supervision
The Bank of Russia and the National Bank of Azerbaijan have signed an agreement on cooperation in banking supervision, RBC reported Tuesday 6 February.
National Bank of Azerbaijan - Annual Report 2005
According to the National Bank of Azerbaijan's Annual Report 2005, in 2005 the country's economy was characterized by a high growth rate of GDP, production and non-production investments.
National Bank of Azerbaijan - Annual Report 2004
According to the National Bank of Azerbaijan's Annual Report 2004, both domestic and foreign economic environments were favorable in 2004, therefore helping Azerbaijan to retain a high economic growth rate.
Azerbaijan to issue new banknotes
The National Bank of Azerbaijan is preparing to present new banknotes, according to NBA board chairman Elman Rustamov.
Azerbaijan selects TietoEnator card system
The National Bank of Azerbaijan has contracted with TietoEnator for the supply of a payment card system, which will be deployed at a new national processing centre.