OREANDA-NEWS. April 14, 2010. Elman Rustamov, the Bank’s chairman of board, says that they improve constantly practice of transfer of currency assets under management, but the improvement bears not political but technical character.

“We are considering an issue of increase of quantity of foreign managers on CBA currency reserves and to the certain extent the volume of finances under their management. We have not limit for the volume of finances transferred under management – everything will depend on economic expediency,” Rustamov said.

He pointed out that the CBA was conducting the process of computerization of asset management and co-operates with the World Bank within program RAMP. As of 1st April the Bank had USD5.5 bn.