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Central Bank of Azerbaijan to make allocations for banknote control systems

Finance Materials 1 June 2021 17:35 (UTC +04:00)

BAKU, Azerbaijan, June 1

By Zeyni Jafarov - Trend:

The Central Bank of Azerbaijan (CBA) and AABACUS LLC signed a contract worth 273,880 manat ($161,105), Trend reports citing the ‘Electronic Procurement’ portal.

According to the portal, the winner of the tender announced by the CBA for the purchase of packaging materials to ensure the functioning of the banknote control systems operated by the CBA has been determined.

"By the decision of the tender commission, AABACUS LLC became the winner of the tender," the portal said.

The main goal of the CBA's activities within the framework of the powers determined by the law "On the Central Bank" is to ensure price stability in the country. In addition, the CBA organizes and maintains the activities of interbank centralized and other payment systems that do not require licensing, and also assists in the stability of the banking system.

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