On the occasion of the 100th birth anniversary of the great leader Heydar Aliyev, the Central Bank of the Republic of Azerbaijan, for the first time in the history of our country, has put into circulation bullion coins of different weights (1 ounce, ½ ounce, ¼ ounce, 1/10 ounce) made of high quality Azerbaijani gold, starting from May 10, 2023.
In order to ensure the sale of bullion coins to the population and their repurchase, the Central Bank selects a sales agent from among the banks that meet the requirements set by the Central Bank.
The main requirements set by the Central Bank for sales agents are:
Sales agents shall:
A bilateral agreement shall be concluded between the Central Bank and the bank selected as a sales agent, and the Central Bank shall regularly monitor the fulfillment of the obligations of the sales agent, and if it is determined that the sales agent does not fulfill its obligations, the bilateral agreement shall be terminated by the Central Bank.