Central Banks Worldwide Azerbaijan

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List of Central Banks Worldwide

 

Azerbaijan: National Bank of Azerbaijan
 

 

. National Bank of Azerbaijan

October 18, 1991, state independence of Azerbaijan was regained. It is interesting that legal basis for establishment of banking system of independent Azerbaijan Republic, including National Bank were formed a short while before. Thus Article 14 of the Constitution Act ON Basis of economic independence of Azerbaijan Republic, dated May 25, 1991, which was called Banking system and money turnover included these issues as a whole. This article alongside with stipulation of independence banking system and turnover of national monetary unit of Azerbaijan, also established the status and authorities of the National Bank of Azerbaijan. Thus, the National Bank was declared a supreme emission agency which carries out state policy in the sphere of credit, money turnover, settlements and currency relations, regulates activity of banking system as a whole and fulfills duties of reserve bank.

 


List of banks in Azerbaijan

AccessBank
AFB Bank
AGBank
Amrahbank
ASB
AtaBank
Atrabank
Azer-Türk Bank
Azerbaijan Credit Bank
Bank Eurasia
Bank BTB
Bank Melli Iran
Bank of Azerbaijan
Bank of Baku
Bank Respublika
Bank Silk Way
Bank Standard
DekaBank
DemirBank
European Bank for Reconstruction and Development
Evrobank
Expressbank
Ganjabank
Günay Bank
International Bank of Azerbaijan
Kapital Bank
KredoBank
MuganBank
Nakhchivanbank
NBC Bank
National Bank of Pakistan
Nikoil Bank
PAŞA Bank
Parabank
Rabitabank
Royal Bank
Texnikabank
Transcaucasus Development Bank
TuranBank
Unibank
United Credit Bank
VTB Bank Azerbaijan
Xalq Bank
YapiKredi Bank Azerbaijan
Zaminbank

 

 


Economy of Azerbaijan

Azerbaijan is an economy that has completed its post-Soviet transition into a major oil based economy (with the completion of the Baku-Tbilisi-Ceyhan Pipeline), from one where the state played the major role. Azeri GDP grew 41.7% in the first quarter of 2007, possibly the highest of any nation worldwide.[5] Such rates cannot be sustained, but despite reaching 26.4% in 2005 (second highest GDP growth in the world in 2005 only to Equatorial Guinea), and 2006 over 34.6% (world highest), in 2008 dropped to 10.8%, and dropped further to 9.3% in 2009 [6]. The real GDP growth rate for 2011 is expected at 3.7%.

Large oil reserves are a major contributor to the economy. The national currency, the Azerbaijani manat, was stable in 2000, depreciating 3.8% against the dollar. The budget deficit equaled 1.3% of GDP in 2000.

Progress on economic reform has generally lagged behind macroeconomic stabilization. The government has undertaken regulatory reforms in some areas, including substantial opening of trade policy, but inefficient public administration in which commercial and regulatory interests are co-mingled limit the impact of these reforms. The government has largely completed privatization of agricultural lands and small and medium-sized enterprises. In August 2000, the government launched a second-stage privatization program, in which many large state enterprises will be privatized. Since 2001, the economic activity in the country is regulated by the Ministry of Economic Development of Azerbaijan Republic.


List of Offshore Bank

 

Dominica Swiss-Switzerland- Suisse Anguilla
Costa Rica Nevis Alderney
Austria Bahamas Antigua
Belgium Belize Barbados
Aruba Labuan - Malaysia Bermuda
Dubai UAE Liechtenstein Cape Verde
Gibraltar Monaco Islands Cook
Grenada Saint Vincent Cayman Islands
Guernsey Uruguay Hong Kong
Cyprus Netherlands Antilles Andorra
Jersey   Isle of Men

 


Here are some of the common famous Offshore Zones : Switzerland, Austria, Latvia, Liechtenstein, Cyprus, Bahamas, Cayman Islands, Belize, Costa Rica, Panama, Dominica, British Virgin Islands, Isle of Man, Cyprus, Mauritius, Singapore, Hong Kong, and Cook Islands. These places are notoriously called ' Tax havens of the World ' because they offer significant tax benefits like no income taxes, no estate taxes, no capital gains, excellent interest rates for investments, direct access to stock markets. Switzerland is the undisputed leader in offshore. 

Nevertheless, privacy is a biggest attraction in these 'Tax Free Zones' of the world.

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Bank of Albania - Bank of Algeria - Bank of Argentina - Bank of Armenia - Bank of Aruba - Bank of Australia - Bank of Austrian - Bank of Azerbaijan - Bank of Bahamas - Bank of Bahrain - Bank of Bangladesh - Bank of Barbados - Bank of Belarus - Bank of Belgium - Bank of Belize - Bank of Bermuda - Bank of Bhutan - Bank of Benin - Bank of Bolivia - Bank of Bosnia - Bank of Botswana - Bank of Brazil - Bank of Bulgaria - Bank of Burkina Faso - Bank of Cameroon - Bank of  Canada - Bank of Cayman Islands - Bank of Central African Republic - Bank of Chad - Bank of Chile - Bank of China - Bank of Colombia - Bank of Congo -Bank of Costa Rica - Bank of Côte d'Ivoire - Bank of Croatia - Bank of Cuba - Bank of Cyprus - Bank of Czech Republic - Denmark - Bank of Dominican Republic - East Caribbean area - Ecuador - Egypt - El Salvador - Equatorial Guinea - Estonia - Ethiopia - European Union - Fiji - Finland - France - Gabon - Georgia -

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