BAKU, Azerbaijan, September 4. The Central Bank of Azerbaijan (CBA) and the People’s Bank of China (PBOC) have signed a memorandum to strengthen cooperation between the two institutions, Trend reports via the CBA.
The accord will establish a structured paradigm to optimize synergies, bolster interrelations, and facilitate the dissemination of specialized knowledge and exemplary methodologies. Both financial institutions are strategizing to convene collaborative assemblies, symposiums, and expert excursions to deliberate on pivotal subjects including monetary policy frameworks, financial sector evolution, payment infrastructure, and fintech advancements.
This collaboration is anticipated to catalyze the enhancement of central banking functionalities and facilitate the holistic evolution of the financial ecosystems in both nations.
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Source: www.trend.az
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