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RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of October 28, 2019 No. 27/2

About modification of the "Rules of issue and use of payment cards" approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of July 10, 2012 No. 16/3

According to "The state program on expansion of digital payments in the Azerbaijan Republic for 2018-2020", the President of the Azerbaijan Republic approved by the Order of September 26, 2018 No. 508, within priority "Enhancement of the legal base for payment services" for the purpose of enhancement of the legal base of digital banking, the digital payment Board of the Central Bank technologies of the Azerbaijan Republic according to article 22.0.17 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic"

DECIDES:

1. Approve changes in "Rules of issue and use of the payment cards" approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of July 10, 2012 No. 16/3 it (is applied).

2. Charge to Legal department (R. Melikov) to provide in three-day time submission of this Resolution to the Ministry of Justice for inclusion in the State register of legal acts of the Azerbaijan Republic.

Chairman of the Central bank

Elman Rustamov

 

Changes in "Rules of issue and use of the payment cards" approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of July 10, 2012 No. 16/3

In the "Rules of issue and use of payment cards" approved by the Resolution of Board of the Central bank of the Azerbaijan Republic of July 10, 2012 No. 16/3, to make the following changes:

1. in subitem 2.1.19 of the word by "method of stamping or engraving" to exclude;

2. state subitem 2.1.21 in the following edition:

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