Central Bank of Azerbaijan

List of Central Banks Worldwide


Azerbaijan: National Bank of Azerbaijan
. National Bank of Azerbaijan

October 18, 1991, state independence of Azerbaijan was regained. It is interesting that legal basis for establishment of banking system of independent Azerbaijan Republic, including National Bank were formed a short while before. Thus Article 14 of the Constitution Act ON Basis of economic independence of Azerbaijan Republic, dated May 25, 1991, which was called Banking system and money turnover included these issues as a whole. This article alongside with stipulation of independence banking system and turnover of national monetary unit of Azerbaijan, also established the status and authorities of the National Bank of Azerbaijan. Thus, the National Bank was declared a supreme emission agency which carries out state policy in the sphere of credit, money turnover, settlements and currency relations, regulates activity of banking system as a whole and fulfills duties of reserve bank.



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Here are some of the common famous Offshore Zones : Switzerland, Austria, Latvia, Liechtenstein, Cyprus, Bahamas, Cayman Islands, Belize, Costa Rica, Panama, Dominica, British Virgin Islands, Isle of Man, Cyprus, Mauritius, Singapore, Hong Kong, and Cook Islands. These places are notoriously called ' Tax havens of the World ' because they offer significant tax benefits like no income taxes, no estate taxes, no capital gains, excellent interest rates for investments, direct access to stock markets. Switzerland is the undisputed leader in offshore. 

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Nevertheless, privacy is a biggest attraction in these 'Tax Free Zones' of the world.

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Central Bank Directory

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