BAKU, Azerbaijan, June 18. The future directions of cooperation between the Central Bank of Azerbaijan (CBA) and the Black Sea Trade and Development Bank (BSTDB) were discussed, Trend reports via the CBA Governor Taleh Kazimov's tweet.
"Today, a meeting was held at the Central Bank with a delegation headed by BSTDB President Serhat Koksal, who is visiting our country. We exchanged views on the current state and future directions of cooperation between the CBA and the BSTDB," he noted.
BSTDB became the first multilateral development bank to issue a local currency bond in Azerbaijan. The two-year bond for the amount of 10 million manat ($5.8 million) was placed on the Baku Stock Exchange on August 1, 2019.
The BSTDB bond issuance in manat supports the program of the government of Azerbaijan for the de-dollarization of the financial sector.