12:41 - 4.05.2026

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May 4, Fineko/abc.az. The Board of the Central Bank of Azerbaijan (CBA) has amended the Rules for residents’ transactions in foreign currency and non-residents’ operations in national and foreign currencies.

ABC.AZ informs, referring to the CBA, the relevant decision was signed by CBA governor Taleh Kazimov.

According to the document, if there is Cabinet Ministers’ special order (decisions, orders, appeals, resolutions) for making money transfers by residents and non-residents to pay for goods and services imported to Azerbaijan, including advance payments, then these operations will be carried out without requirement of an import contract, customs declaration or any other other documents. In this case, a copy of the document confirming the special order will be kept at the bank.

Also, according to the new article, if the advance payment is intended for import of defense goods to Azerbaijan (military equipment, weapons, ammunition, equipment for their design and production, components and spare parts, as well as scientific and technical information, raw materials, materials and technologies), as well as for performance of work or provision of services relating to such goods, a letter from the Ministry of Defense Industry may be submitted to the bank . In this case, a copy of the letter will be stored in the bank.