the International Bank of Azerbaijan (IBA) is connected to the system of international money transfers Ucuz Para Transferi (UPT).
As Turan was told in the bank, it is the result of signing the relevant partnership agreement with the operator of the Turkish financial institution "Aktif Bank". In the near future the system works in all structural units of the bank, said the source.
Send and receive money through the new system takes just minutes, and switch fee is retained only by sender according to the tariff table. The system covers all 82 provinces in the country, as well as 14 European countries.
International Bank is actively working in the money transfer systems Wester Union, Blizko, Contact, Migom, Xpress-Money, Kart Transfer, Coinstar and IBA-Express. -15B -
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review