Bank Of Baku

Central Bank’s authorized capital to be increased by 50 times

Central Bank’s authorized capital to be increased by 50 times
# 15 October 2015 14:20 (UTC +04:00)

According to APA-Economics, amendment is offered to be made to the article #10.2 of the law on “Central Bank of Azerbaijan”.  

 

According to amendment, the word of “10 mln” in the sentence “Central Bank’s authorized capital makes AZN 10 mln” will be substituted by the word of “500 mln”.  

 

The draft law will be discussed at the plenary meeting to be held on October 20. 

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THE OPERATION IS BEING PERFORMED