On required reserves

15-08-2024

14 August 2024, Baku: The Management Board of the Central Bank of the Republic of Azerbaijan with its decision of 31 July 2024 made changes to the ‘Regulations on the ratio, calculation and maintaining required reserves’ (Regulation). The changes clarify the definitions ‘connected deposits’ and ‘related party deposits’ introduced at the end of the previous year and provide guidelines for their calculation.

Note that, these changes do not alter the current required reserve ratios.

For detailed information on the changes to the Regulation please visit the official website of the Central Bank of the Republic of Azerbaijan (www.cbar.az) and the Single Electronic Base of Legal Acts of the Ministry of Justice of the Republic of Azerbaijan (https://e-qanun.az/framework/57707).