JSC Bank Standard connected to urgent money transfers for individuals Monex. This was said in a statement.
The system Monex is a product of its own MuganBank and shove at the end of last year. Sending and receiving money through this system takes up to 10 minutes. Also connected to the system are Bank Respublika, Rabitabank, Amrahbank, Atabank, Atrabank, Qafqaz Inkishaf Banki, Bank Avrasiya, Express Bank, Parabank and LLC Azerpocht.
Today, among the banks operating in the country Demirbank has its own system of money transfer Simsek, KapitalBank has Khezri and Zaminbank has Caspian Money Transfer.
Simsek is designed for internal use only, but through Khezri operations in Russia and Ukraine are possible, though it does not have agents among local banks. Caspian Money Transfer is only 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.
Bank Standard is also working within the money transfer systems Western Union, Xpress Money, Private Money, Faster, Fast Mail, Contact, Migom, Golden Crown, Blizko, Leader, Coinstar, and Caspian Money Transfer. - 15D -
Economics
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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At the COP29 event titled "Climate Finance Landscape in the South Caucasus and Central Asia" held on November 14, Roland Price, Regional Director of the World Bank for the South Caucasus, highlighted the substantial economic and environmental damage faced by the countries of the South Caucasus, which she estimated at around $100 million annually.
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SOCAR Green, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), has signed a series of agreements at the COP29 summit aimed at bolstering the development of renewable energy sources, enhancing energy efficiency, and promoting sustainable growth in Azerbaijan.
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The Islamic Development Bank (IsDB) is stepping up its efforts to mobilize Islamic banking resources in the fight against climate change, President of the IDB Muhammad Sulaiman Al Jasser said on Thursday during a roundtable at COP29.
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