Azerbaijan Central Bank

The Azerbaijan Central Bank Mortgage Fund, also known as the Azerbaijan Central Bank, is the nation's central bank. It is responsible for formulating and implementing monetary policy to achieve price stability. The institution issues the national currency, the Azerbaijani manat. It supervises and regulates commercial banks and other financial institutions operating in Azerbaijan. The central bank manages the country's foreign exchange reserves and acts as a lender of last resort. Through its mortgage fund mandate, it participates in initiatives aimed at developing the housing finance sector. These functions collectively support the stability and development of Azerbaijan's financial system.

As the sole authority for currency issuance and monetary policy, the bank holds a distinctive position in the Azerbaijani economy. Its mortgage fund specialization sets it apart by linking central banking activities with targeted support for housing lending. The 2015 cyberattack on a sub‑domain of the bank, attributed to an Armenian group, resulted in website defacement and the exposure of customer data, illustrating the institution's vulnerability to cyber threats. This incident occurred amid the broader Nagorno‑Karabakh conflict, reflecting the intersection of cyber security and regional tensions. Headquartered in Azerbaijan, the bank serves the entire national economy and maintains relationships with international monetary and financial organizations. Its role combines traditional central banking responsibilities with a specific focus on mortgage‑related finance.