The Ministry of Finance of the Nakhchivan Autonomous Republic (hereinafter - the Ministry) is the state body that develops and implements the financial policy of the Nakhchivan Autonomous Republic, organizes the management of state finances, prepares drafts of the state and general budgets and ensures the cash flow of the state budget, and organizes and conducts accounting. is a central executive power body that ensures implementation of state control in the areas of regulation, use of state budget funds, production, processing and circulation of precious metals and precious stones.