Assessment of the execution of the state budget revenues of 2023

The allocation of 637 million manats for the construction of a new building of the Central Bank of Azerbaijan (CBA) has caused serious controversy.

As the skyline of Baku prepares to welcome a new architectural marvel, questions about the necessity and timing of such an extravagant investment arise.

In the intricate web of modern societal management, various methods are employed to maintain order and influence behavior. Among these, economic mechanisms stand out, particularly those that tether certain social strata to financial institutions.

The Central Bank of Azerbaijan's recent decision to lower the discount rate has sparked widespread inquiries regarding its potential effect on the interest rates of loans issued by local banks. This follows a history where the discount rate was largely seen as an indicative tool rather than an active instrument of monetary policy.