Azerbaijani CBA, Turkish Finance Office to sign memorandum
Date
2/12/2022 7:14:35 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, Feb. 12
By Sadraddin Aghjayev – Trend:
A memorandum on the development of high technologies and
digitalization in Azerbaijan is expected to be signed between the
Finance Office of the Presidency of Turkey and the Central bank of
the Republic of Azerbaijan (CBA) next week, Executive Director of
the CBA Farid Osmanov told reporters, Trend reports.
According to him, issues on the introduction of Turkish practice
in Azerbaijan, namely the digitalization of the insurance sector
and the capital market, will be discussed within the
memorandum.
Earlier, Azerbaijan and Turkey agreed on the organization of
mutual trade in securities. The securities of the Istanbul Stock
Exchange will be sold at the Baku Stock Exchange, and the
securities of Azerbaijan - at the Turkish Exchange.
The day before, a delegation of the Central Bank of Azerbaijan
visited Istanbul, where meetings were held with representatives of
various Turkish financial institutions. During the visit, the
parties discussed the application of Turkey's experience in
Azerbaijan and opportunities for future cooperation.
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