CBA creates cash management system

Azerbaijan, Baku, April 30 / Trend, A. Akhundov /

The Central Bank of Azerbaijan (CBA) has completed work on the creation of the Cash Management System (CMS), an article by the chairman of the Central Bank Elman Rustamov, published in the Magazine of the Azerbaijani Banks Association "Banks and business" says.

The system provides for the establishment of a centralized information network with coverage in real-time cash transactions of the Central Bank as well as between the banking sector and the Central Bank, and the creation of a centralized information network and database required for decision-making regarding cash management.

Introduction of this system will contribute to the strengthening the mechanisms of the CBA's control over the storage, transportation, processing, delivery, removal and destruction of banknotes as well as flexible management of potential risks.

Last May, the Central Bank has named the PEC N.V. Company the winner of the tender for the creation of the system.

Iranian government continues measures to confront COVID-19
Iranian government continues measures to confront COVID-19
Iran declares production data for agricultural products
Iran declares production data for agricultural products
Support of Islamophobic caricatures by French officials - unacceptable- Iranian Foreign Ministry
Support of Islamophobic caricatures by French officials - unacceptable- Iranian Foreign Ministry
Loading Bars
Latest
Iranian government continues measures to confront COVID-19
Suffering one defeat after another, Armenian separatists appont new 'defense minister' (PHOTO)
US-based IT Company EPAM announces 14 vacancies in Georgia
SOFAZ talks distribution of investment portfolio by level of countries' economic dev't
Iran declares production data for agricultural products
Turkish Kayaturk Group company eyeing textile plant creation in Kazakhstan's capital city
Eni Turkmenistan Limited opens tender for provision of engineering, design services
Azerbaijan's State Oil Fund announces its 9M2020 revenues
WB, EU implement project for Financial Inclusion and Accountability in Georgia
Wounded Azerbaijani soldier didn't leave his comrades-in-arms alone (VIDEO)
Kazakhstan taking measures to increase e-commerce share in retail trade
Pro-Armenian persons call for terrorist attacks on strategic Azerbaijani oil, gas facilities - expert
Blood deficit recorded in Armenian Armed Forces
Sales of domestic polyethylene in Turkmenistan’s exchange increased
Support of Islamophobic caricatures by French officials - unacceptable- Iranian Foreign Ministry
Prices for land plots in Baku show growth
Georgia talks about future systematic infrastructure projects
Total assets of Georgian commercial banks up
Armenia releases another list of servicemen killed in Karabakh conflict
Azerbaijan trying to fulfill all decisions of OSCE MG - military conflict expert
Armenia wanted negotiations to last forever, wanted to deceive us forever - Azerbaijani president
Member countries of Non-Aligned Movement stood up like real men and supported us - President Aliyev
Azerbaijan's Central Bank says country's money supply grows
Iran’s Sefid Dasht Steel Company boosts its production
Azerbaijan confirms 283 more COVID-19 recoveries
Central Bank of Azerbaijan reveals amount of foreign currency sold to local banks
Iran records nearly 7000 new coronavirus cases
About half of Azerbaijan's total export falls on EU
If Azerbaijan is attacked from outside, F-16s will be used, President Aliyev says
Iran boosts Turkish defense industry products' import for 9M2020
We will go to the end, all the way, says Azerbaijani president
Next panel on domestic production in several sectors of Iran to be organized
Let this jester, who danced in Shusha, on Jidirduzu, in drunken state declare that he is leaving - President of Azerbaijan
On one hand, there is talk of ceasefire, but on other, weapons being sent to Armenia - President Aliyev
Major Azerbaijani bank's profit drops
They don't ask questions, they act like a prosecutor, accuse us - President Aliyev on foreign journalists
Gold, silver prices in Azerbaijan up
Armenia must also get rid of this junta. If they cannot save themselves, we will help them - President Aliyev
Azerbaijan asserted itself both on battlefield and politically - President Aliyev
Over course of these 28 years, there have been so many useless meetings, so there is no difference - Azerbaijani president
Azerbaijan responds adequately to Armenian provocations along entire front
BP’s upstream output goes down
Azerbaijani people will not forget this injustice - President of Azerbaijan
Review of four Georgian banks that ended third quarter on high note
Enemy already running away from us we will continue to chase them, because we are right and we are strong - President of Azerbaijan
EAEU increases exports of dairy products to Turkmenistan
BP’s net wind generation capacity rises
If you want to save Armenia, tell it to leave our lands, get away immediately - President Aliyev
Frozen state of Karabakh conflict was in everyone's interests, except Azerbaijan - President Aliyev
More citizens of Georgia to receive access to natural gas in 3 years
Number of Uzbek small businesses created over 9M2020 revealed
We have created new reality, everyone has to reckon with new reality now - Azerbaijani president
If ceasefire continues and issue remains frozen again, this cannot suit us - President of Azerbaijan
Georgian Airways releases flights scheduled for November
Less than two weeks after Heydar Aliyev resigned from all posts, Armenian separatists rose up and demanded that Nagorno-Karabakh be separated from Azerbaijan - President Aliyev
Anglo Asian Mining gives update on Vejnaly contact area
Pakistan supports Azerbaijan in its just struggle - Ambassador
Iran still working on releasing its frozen funds from South Korea
EBRD allocates loan to Azerbaijani group of companies
Azerbaijan's Cabinet of Ministers amends some rules of Cadastre Land Management Center
After Bolshevik revolution, there was great danger that Bolshevik government would hand over Nagorno-Karabakh to Armenia - President Aliyev
Iranian Deputy Foreign Minister to visit to Azerbaijan
BP’s net debt falls amid completion of JV with Reliance
Central Bank of Azerbaijan may receive new powers
Turkish ministry says Iraq minimizes import of domestic defense products
Azerbaijani currency rates for Oct. 27
Iran to operate desalination plant in Bandar Abbas
Liabilities of Turkey's Azerbaijani subsidiary bank notably grow
Armenian troops shelling Azerbaiajni Tartar district's city, villages
Kazakh Gas Refinery to buy construction materials via tender
Turkmenistan increases imports of dried legumes from EAEU countries
Pakistani National Bank's branch in Baku reveals its 9M2020 total assets
Kazakhstan's export volumes to Europe drop
Azerbaijani MP informs Turkish public about situation in Nagorno-Karabakh region (VIDEO)
Kazakhstan's Aktau port to buy pumps via tender
OPEC+ extension could prolong drag on overall GDP growth
Private sector may be used for modernization of power plant equipment in Uzbekistan
Azerbaijani parliament approves resolution to rename Veng village to Chinarli village
Volume of money supply in Georgia reaches new record high
Precious metal prices in Azerbaijan change
Kazakhstan's goods import from Netherlands surges
Data on 9M2020 cargo movement from Italy via Turkish ports disclosled
Turkmenistan buys various polymer products from Russia
Information about shelling of border post on territory of Armenia is false - MoD
Peaceful conditions in Karabakh needed to prevent further environmental damage - UNEP
Azerbaijani oil prices edge down
Turkey's 9M2020 export of defense industry products to Georgia grows
Georgia reports 1,824 new coronavirus cases
Kazakhstan increases iron ores production over 9M2020
Tight oil growth will never be as rampant in future
First Honorary Consulate of Ukraine opens in Azerbaijan
Liberation of Gubadli and Khanlig means breakthrough to Lachin corridor - Azerbaijani MP
Uzbekistan reveals volume of agricultural, forestry, fishery production for 9M2020
Ceasefire violations of Armenia must be considered for OSCE MG to yield concrete results - Turkish MFA
Volume of loans issued by Georgian commercial banks up
Bryansk Machine-Building Plant ready to increase locomotives supply to Turkmenistan
Iran’s Shazand Oil Refining Company supplies fuel to IRISL Group
Armenia is like Trojan horse inside CSTO - Turkish government
Russia's Bryansk Machine-Building Plant, Turkmenistan discuss terms of locomotives delivery
Cherries, grapes top list of fruits and vegetable products exported from Uzbekistan
All news