JSC "Bank of Azerbaycan" connected to urgent money transfers for individuals "Monex". It is said in a statement.
The system "Monex" is a proprietary product of "MuganBank" and shove at the end of 2011. Sending and receiving money through this system takes up to 10 minutes, and the commission varies in the redistribution of 0.2-1.5% and is charged only with the sender.
This system serves customers in more than 500 branches and offices of 23 banks in the country. Customers also have the ability to quickly send and receive money transfer to Georgia.
Currently, "Bank of Azerbaycan" works actively in the money transfer systems Contact, Migom, Caspian Money Transfer, Western Union, and the "Golden Crown". - 15D -
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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