Finance
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One of the main initiatives of the Central Bank of Azerbaijan (CBA) is modernisation of the regulatory framework of payment systems with the introduction of risk-based control.This was announced by СBA Director General Vusal Khalilov.
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In January-October 2024, Azerbaijani banks purchased currency worth $6,116.8 million at auctions held jointly by the Central Bank and the State Oil Fund. This was reported by the Central Bank.
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As of the end of this year, the Central Bank of Azerbaijan (CBA) decided to reduce the number of territorial departments by 2 times at the end of this year. This is reported on the website of the structure.
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