Azerbaijan and Russia Signed Agreement in Baku on Co-operation with regards to Post Money Transfers
On 4 December, the Minister of Information Technology & Communications of the Russian Federation, Leonid Ryman, visited Azerbaijan as part of the delegation headed by Russian Prime Minister, Mikhail Fradkov.
Within the visit, an agreement was signed in Baku between the Azerbaijani and Russian Governments with regards to the post money transfers by the public, Trend reports with reference to the statement disseminated by the Russian Ministry of Information Technology & Communication.
From the Russian side, the document was signed by the Minister of Information Technology & Communications of the Russian Federation, Leonid Ryman, and from Azerbaijani side, the Minister of Communication & Information Technology of Azerbaijan, Ali Abasov.
The statement says that the Agreement strengthens the intentions of the parties to expand its co-operation with regards to the post communications on the basis of the generally recognized principles and norms of the international law. According to the document, receiving and paying money transfers in both countries is carried out in the relevant national currency. Therefore, the parties undertake legal responsibility to ensure the national currencies are in order.
The mechanism and conditions of realizing postal money transfers by the public will be defined through a separate agreement between the post enterprises.
According to the document, the maximum amount of each post transfer by a person is defined by the authorized enterprises. At the same time, the legislation of the countries will be taken into consideration.