Azerbaijan's Central Bank

Country to lower business loans interest rates

Azerbaijan's Central Bank jointly with the Ministries of Economy and Finance will take measures to support the real sector, to issue business loans, and to reduce interest rates on these loans in 2020, according to the Cabinet of Ministers ’action plan on the implementation of the instructions drawn up by President Ilham Aliyev at a meeting on the results of 2019.
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Instant payment system to be launched in Azerbaijan

The Central Bank of Azerbaijan (CBA) will launch a non-stop instant payment system for legal entities and individuals, the CBA Chairman Elman Rustamov said at a meeting between representatives of the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan and bank managers, Trend reports.
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