Regulatory Alerts2022-05-26
Added · Updated
Regulations on Issuance and Circulation of Treasury Bills in the Republic of Azerbaijan
The State Committee for Securities under the President of the Republic of Azerbaijan issued Order №159 to regulate the issuance and circulation of treasury bills as short-term promissory notes for budget payments and debt settlement. These instruments, which cannot exceed a 180-day maturity, are issued by the Central Treasury to cover budgetary organization expenses, attract funds, or repay debts to enterprises. The regulations mandate state registration of the bills, define their use as a means of payment or tax offset, and prohibit their use for salary or benefit disbursements.
Topics
securities
monetary
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