Regulatory Alerts2025-04-30
Law of the Republic of Azerbaijan on Currency Regulation
Issued by the Milli Majlis and enforced by the Central Bank of Azerbaijan, this Law mandates comprehensive regulations for currency operations, foreign exchange markets, and national manat circulation. It defines residents and non-residents, distinguishes between current and capital currency operations, and centralizes foreign exchange reserves within a Stabilization Fund to ensure exchange rate stability. The legislation establishes operational procedures for licensed currency exchange entities, authorizes cash and electronic transactions, and sets mandatory reporting thresholds for importing or exporting physical currency exceeding USD 50,000.
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