RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of May 30, 2017 No. 14/1

About modification in "Regulations, procedure of payments and storages of required reserves"

For the purpose of strengthening of control over the cash offer and supports of price stability, and also increase in efficiency of monetary management the Board of the Central Bank of the Azerbaijan Republic according to articles 22.0.17 and 32.1 of the Law of the Azerbaijan Republic "About the Central bank of the Azerbaijan Republic", decides:

1. Approve change in "Regulations, procedure of payments and storages of required reserves" it (is applied).

2. This change becomes effective since August 1, 2017.

3. Charge to Legal department (R. Melikova) to provide within 3 days submission of this decision to the Ministry of Justice for inclusion in the State register of legal acts of the Azerbaijan Republic.

Approved by the Resolution of the Central Bank of the Azerbaijan Republic of May 30, 2017 No. 14/1

Change in "Regulations, procedure of payments and storages of required reserves"

Give Item 3.5 of "Regulations, procedure of payments and storage of required reserves" in the following edition, approved by Board decision of the Central Bank of the Azerbaijan Republic of July 10, 2012 No. 16/1:

"3.5. The bank shall store required reserves on domestic currency deposits, entering calculation base and in precious metals on correspondent account in the Central bank in manats, and on foreign currency deposits on any correspondent account in the Central bank is independent in any foreign currency.".

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info