The National Bank of the Republic of Azerbaijan was established by Decree of President of the Republic of Azerbaijan ‘on Establishment of the National Bank of the Republic of Azerbaijan’ dated 11 February 1992. The National Bank of the Republic of Azerbaijan was renamed as ‘The Central Bank of the Republic of Azerbaijan’ due to entry into force of the Referendum Act of the Republic of Azerbaijan dated 18 March 2009 on ‘Making additions and amendments to the Constitution of the Republic of Azerbaijan’. The main goal of the Central Bank is to maintain price stability within its authorities set by the Law. Without prejudice to the main goal the Central Bank safeguards financial stability within its mandated powers with the laws governing financial markets.