The Central Bank of the Republic of Azerbaijan's Research and Development Center recently held a seminar in conjunction with Azerbaijan State Economic University on the topic of "Non-cash transactions: international and local experience."
Non-cash transactions consist of investing or financing activity that does not affect the cash inflows or outflows, but involves only equity or long-term assets and liabilities.
A master's student from the university delivered a presentation on reforms being made to non-cash settlement payment systems by the central bank.
Azerbaijan State Economic University, in collaboration with the Central Bank of the Republic of Azerbaijan, is also due to make a presentation on the expansion of non-cash payments.
Azerbaijan completed its post-Soviet transition into a major oil based economy with the completion of the Baku-Tbilisi-Ceyhan Pipeline.
The country is now interested in cooperation with Tatarstan in the development of the non-oil sector, AzerNews reports.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme