"The main reason for the closure of banks is the default, which is caused by poor management, the loss of fiscal credibility and relevance," said the economist Gubad Ibadoglu, commenting on the closing of the banks Deka Bank, Credo Bank, Para Bank and Zamin Bank. He believes the closure of these banks by the Financial Markets Control House (FMCH) indicates the presence of problems in the banking sector. “I do not share the FMCH Board of...

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