Central Bank of Azerbaijan unveils monetary policy

Given the importance of further development of the fast payments system for monetary policy & financial mediation, the CBA's assessment of the possibilities of introducing digital currency in the medium-term prospect will continue in several directions.

banks.az informs that this is said in the CBA’s statement on the main directions of monetary and financial stability policy for 2022. The CBA also focused on the directions in its statement.

I. clarification of the policy, goals and objectives for the introduction of digital currency;

II. involvement of stakeholders in the process;

III. formation of the legislative base;

IV. the potential of using new generation technologies;

V. the level of market readiness. Conceptual documents related to the use of digital currency will be reported in detail.