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Cash turnover in Azerbaijan to reduce significantly - Central Bank

Business Materials 9 October 2018 12:34 (UTC +04:00)
In the next three years, the turnover of non-cash payments in Azerbaijan will reach 17 billion manats.
Cash turnover in Azerbaijan to reduce significantly - Central Bank

Baku, Azerbaijan, Oct. 9

Trend:

In the next three years, the turnover of non-cash payments in Azerbaijan will reach 17 billion manats, the Director of the Information Technologies Department of the Central Bank of Azerbaijan Farid Osmanov said at the Azerbaijan-Germany Business Forum on Energy and ICT.

Osmanov noted that this turnover will increase annually by about 7 percent.

"We hope that in such a way we will be able to reduce the level of cash turnover from the current 74 percent to 40 percent," Osmanov said.

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