The Financial Markets Supervision Authority (FIMSA) will monitor the receipt of funds earned from exports, the Association of Banks of Azerbaijan (ABA) said.
ABA hosted a meeting of representatives of FIMSA, ABA and commercial banks, dedicated to the new Regulations of Import-Export Operations.
FIMSA will control the process on the basis of information received from banks regarding the admission of proceeds from exports to the bank accounts of the exporters.
To do this, each bank must obtain from his exporting client information in the electronic form regarding the value of the exported goods, and identify means of delivery and add the information in the electronic form. -------71D
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review