Azerbaijan to Expand Banking Ties With Iran

Azerbaijan intends to expand banking cooperation with Iran, said Azerbaijan’s Economy Minister Shahin Mustafayev. “Banking is one of the most prospective fields for the expansion of Azerbaijani-Iranian cooperation,” the Azerbaijani website Trend.az quoted him as saying during the 11th meeting of the Azerbaijan-Iran Economic Commission held on Tuesday. He noted that the Financial Market Supervisory Authority and the Central Bank of Azerbaijan will organize meetings with their Iranian counterparts, during which this issue will be discussed. Earlier in August, top officials from the central banks of Azerbaijan and Iran signed an agreement to expand collaboration and open settlement accounts, specifically for boosting trade between the two countries.