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Azerbaijan establishes Financial Stability Board

15 July 2016 15:55 (UTC +04:00)

Baku – APA. Azerbaijan’s President Ilham Aliyev signed a decree July 15 on the establishment of a Financial Stability Board.

According to the decree, the Financial Stability Board is established in order to ensure further strengthening of macroeconomic stability and financial stability of the country, carry out a coordinated policy in this area and achieve a practice of effective regulation and law enforcement.

Azerbaijan’s Prime Minister Artur Rasizade was appointed Chairman of the Financial Stability Board.

Azerbaijani President’s Aide on economic reforms Natig Amirov, Finance Minister Samir Sharifov, Minister of Economy Shahin Mustafayev, Chairman of the Central Bank of Azerbaijan Elman Rustamov, Head of the Board of Directors of Azerbaijan's Financial Market Supervisory Body Rufat Aslanli and Executive Director of the State Oil Company of Azerbaijan Republic Shahmar Movsumov were appointed members of the Financial Stability Board.