JSC AGBank has connected to the system of international money transfers "Golden Crown".
The tool "Golden Crown - Money Transfers" is of the company Financial Technologies Center. The service operates in the market of money transfers without opening an account since 2003 and provides services in the territory of Russia and CIS countries. The operator of the service "Golden Crown - Money Transfers" is NSCA Payment Center (LLC).
The operations within the "Golden Crown" in a matter of minutes, with the transfer commission of 1.5 percent charged only with the sender. Agents of the system in Azerbaijan are 23 local banks and the national postal operator Azerpost.
Currently, the bank also provides services through a system of money transfers Western Union, Interexpress, Contact, Blizko, Faster, Leader, Migom, Coinstar, UPT, Monex, Caspian Money Transfer and IBA-EXPRESS. -15B -
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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