DemirBank in loan recipients of money from abroad for money transfer systems. The loan is granted without bail and without collateral, and the amount of 300 to 2000 manats.
Under the terms, customers who obtain 6-remittances from abroad for the last 12 months may apply for certifying checks in DemirBank. Credit is made at any branch of the Bank for a period of 3 to 12 months.
The loan can also get customers receive money from abroad to other banks, but, if the transfer was received in DemirBank, credit is issued at a lower interest rate.
DemirBank offers the ability to send and receive international money transfers via Western Union, Gold Crown, Contact, Coinstar, Blizko, PrivatMoney, Migom, Allure, Lead and UPT. DemirBank through its system Simsek also provides transfer services within the country.
Customers, who send or receive money in the amount of not less than 500 AZN / USD / EUR or 15000 RUR, receive a gift card to pay mobile phone for $ 1 AZN. If the transfer amount is not less than 2000 AZN / USD / EUR or 60000 RUR, the customer receives a gift card to pay 2 manat. -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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