Azerbaijani, Uzbek Central Banks Sign Memorandum Of Understanding (UPDATED)
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, July 4. The Central Banks of
Azerbaijan (CBA) and Uzbekistan signed a memorandum of
understanding, CBA Governor Taleh Kazimov wrote on his X page,
Trend reports.
The publication notes that the memorandum was signed during the
business trip of the CBA chairman to Tajikistan.
"During the meeting with Chairman of the Central bank of the
Republic of Uzbekistan Mamarizo Nurmuratov, we signed a memorandum
of understanding on cooperation between the institutions we lead,
which will serve to expand partnership, exchange experience, and
information, as well as the organization of bilateral visits. We
believe that the memorandum will contribute to strengthening
cooperation between the two central banks," the publication
says.
To note, the delegation of the Central Bank of Azerbaijan is
currently in Tajikistan and has already held a meeting with the
leadership of the National Bank of Tajikistan.
The sides discussed the development of bilateral cooperation,
confirmed by the signing of memorandums of cooperation during the
meeting.
The heads of the banks also exchanged views on expanding
cooperation in the banking sector and expressed readiness to make
every effort to achieve a new qualitative level of interaction.
Furthermore, it was noted that the creation of favorable
conditions for opening banks or representative offices of
Azerbaijani banks, expansion of correspondent relations between
commercial banks of the two countries, exchange of experience in
the field of banking supervision and insurance, development of
capital market and implementation of international standards of
financial reporting are the next tasks of bilateral relations.
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