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:

• order a minimum of 500 bullion coins from the Central Bank within 12 months with a minimum of 100 in the first order (not including the number of bullion coins sold back to the Central Bank).
• ensure the repurchase of bullion coins from the population.
• organize the examination of the repurchased bullion coins;
• pay the value of the bullion coins repurchased from the citizens on the same day.
• set the selling price of bullion coins at the limit of "gold price + 10%", and the repurchase price from the population at "gold price - up to 3%".
• promote bullion coins.

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.

List of sales agents designated by the Central Bank to ensure the sale of bullion coins to the population and to carry out their repurchase

“Bank of Baku” OJSC

"TuranBank" OJSC