Azerbaijan And Hungary Central Banks Sign Strategic Mou

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 5. The central banks of Azerbaijan and Hungary have signed a memorandum of understanding, Taleh Kazimov, Chairman of the Azerbaijan Central Bank, wrote on his X account, Trend reports.

“As part of the second meeting of the Council of Central (National) Banks of the Turkic States, held in Baku, we signed a Memorandum of Understanding with the Governor of the Central Bank of Hungary, Mihály Varga, aimed at further deepening relations based on mutual trust between our institutions,” the publication reads.

Moreover, it is noted that under the memorandum, there will be mutual exchange of information in the areas of monetary policy, banking supervision, capital markets, the insurance sector, payment systems, and financial technologies. Furthermore, technical cooperation will be expanded through meetings, seminars, experience sharing, training programs, and working visits.

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