Settlements on primary market transactions with Central Bank notes switches to T+1 regime
Starting from September 18, 2019, “T+1” regime will be applied for the settlements on notes placed by the Central Bank of the Republic of Azerbaijan. This transition is aimed to increase the efficiency of settlements and to ensure their convenient execution.
The Central Bank notes are used as a tool to regulate/sterilize the money supply. “T+0” regime has hitherto been used for settlements on the primary market transactions with notes.