The Central Bank of Azerbaijan is the central bank of the Republic of Azerbaijan, based in Baku. It was established soon after the country regained independence from the Soviet Union, to take over the functions of the Soviet state bank in the republic. One of its first tasks was to introduce a national currency, the manat, which replaced the Soviet rouble. The bank is responsible for monetary policy, regulation of the financial sector and management of the country's foreign reserves, in an economy heavily dependent on oil and gas exports. It has had to respond to sharp changes in energy prices, including devaluations of the manat in 2015.
Before and after
- 22 January 1992Discovery of PSR B1257+12 c
- 22 January 1992Discovery of PSR B1257+12 d
- 5 February 1992Birth of Neymar
- 7 February 1992Maastricht Treaty
- 11 February 1992Founding of Central Bank of Azerbaijan
- 11 February 1992Birth of Taylor Lautner
- 20 February 1992Founding of Premier League
- 24 February 1992Establishment of Rila National Park
- 26 February 1992Khojaly Massacre
More in Society, economy & sport
- 1950Origins of Formula One
- 8 August 1967Founding of ASEAN
- 10 December 1987Rise of Hamas
- 1994Rise of Taliban
- 9 September 1999Founding of African Union
- 11 September 2001September 11 attacks
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.