JSC Bank of Baku connected to urgent money transfers for individuals Monex. This was said in a statement.
The system Monex is a product of MuganBank and shove at the end of last year. Sending and receiving money through this system takes up to 10 minutes, with the minimum fee for transfers up to 500 manat is 1 AZN 500 AZN -0.2% deposit. Also connected to the system are Bank Respublika, Rabitabank, Amrahbank, Atabank, Atrabank, Qafqaz Inkishaf Banki, Bank Avrasiya, Express Bank, Parabank, Bank Standard and the state monopoly in mail services LLC Azerpoct.
Today, among the banks operating in the country Demirbank has its own money transfer system Simsek, CapitalBank has Hezri and Zaminbank has Caspian Money Transfer.
The system Simsek is designed for internal use only, but Hezri makes it possible operations in Russia and Ukraine, but it does not have agents among local banks. Caspian Money Transfer was able to get a real recognition within the country and outside. Agents of the system are 19 of the 43 banks operating in Azerbaijan. Total number of service outlets today is about 130,000, covering 190 countries.
The Bank of Baku also works within the money transfer systems Contact, Migom, Caspian Money Transfer, Western Union and Golden Crown. - 15D -
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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