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The instruction about clearing settlements and money transfers in the Azerbaijan Republic voided since   April 3, 2024 according to Item 2 of the Resolution of Board of the Central bank of the Azerbaijan Republic of March 13, 2024 No. 12/3

Unofficial transfer (c) Soyuzpravoinform LLC

Approved by the Decision of the Central Bank of the Azerbaijan Republic of September 17, 2013 No. 19/1

The instruction about clearing settlements and money transfers in the Azerbaijan Republic

(as amended on 22-05-2024)

1. General provisions

1.1. This Instruction is prepared based on article 44.3 of the Law of the Azerbaijan Republic "About the Central Bank of the Azerbaijan Republic", article 38.1 of the Law of the Azerbaijan Republic "About banks", according to the Civil Code of the Azerbaijan Republic, the Tax Code, the Laws of the Azerbaijan Republic "About social insurance", "About unemployment insurance", "About medical insurance", "About clearing settlements" and "About execution", and also, according to other regulatory legal acts.

1.2. This Instruction determines carrying out clearing settlements in the territory of the Azerbaijan Republic, and also, form and content of the used payment documents, creation and rules of turnover, including, rules and conditions of carrying out money transfers

1.3. Clearing settlements and remittances are made by banks, local branches of foreign banks and the national operator of mail service (further banks).

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