Rustamov’s term as Azerbaijani central bank’s board member extended

By Gulgiz Dadashova

The Azerbaijani Parliament approved on April 3 extension of Governor Elman Rustamov’s term as member of the Central Bank Board for the next 5 more years.

Deputy Governor Khagani Abdullayev’s term was also extended for 5 years

Rustamov’s term of office expires in April 2015, due to with which President Ilham Aliyev made a proposal to extend his powers.

Rustamov is to be appointed the CBA board chairman by the president.

The 63-year-old Elman Rustamov was first appointed the chairman of the CBA Board in January 1995.

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