One of the issues discussed at today's meeting of the spring session of the Milli Majlis, was the law "On the Central Bank of Azerbaijan", which amended. Changes touched also the problems with the lack of equity of the capital of the CBA. Now the loss by the end of the year due to the revaluation of assets and liabilities in foreign currency and gold on the balance of the main financial regulator of the country will be covered by its own capital reserves. That is, if the assets are lower than the sum of its liabilities, the resulting lack of capital will be repaid after one year due to the financial state of the securities issued.
Under the new rules, after the formation of reserve capital and confirmation of the annual financial statement audit the balance of realized gains and the Central Bank will be transferred to the state budget.
Capital of the CBA consists of its share capital (50 billion manat) and capital reserves (not smaller volume.) Reserves are formed by contributions from the profits for the fiscal year. The minimum level of capital reserves is 15% of the national currency in circulation. --17D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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