Azer Alasgarov appointed Director General of the Central Bank of Azerbaijan.

Azer Alasgarov, Director of the Monetary Policy Department of the Central Bank of Azerbaijan (CBA), has been appointed Director General of the institution.

According to Report, this brings the number of director generals at the CBA back up to 10. Alasgarov replaces Vugar Ahmadov, who left his post in August.

Azer Alasgarov was born in Baku in 1977. In 1997 he earned a bachelor's degree in "Regulation of the Economy" from the Azerbaijan State Economic Institute, and in 1999 he completed a master's degree in the same field.

He began his career in 1997 as a leading expert at the CBA's Monetary Policy Department. Until 2000, he worked as a leading economist in the same department. From 2000 to 2005, he was a chief economist and then head of division at the Economic Research Division of the Monetary Policy Department. From 2005 to 2009, he served as head of the Money and Exchange Rate Policy Division and as deputy director of the Monetary Policy Department. From June 2009 until his appointment as Director General, he headed the Monetary Policy Department.