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BAKU, Azerbaijan, Dec. 8
By Sadraddin Aghjayev – Development:
The Central Financial institution of Azerbaijan (CBA) is conducting analysis to create a digital manat and the Azerbaijani authorities is negotiating on this challenge, Government Director of the Azerbaijani Heart for Evaluation of Financial Reforms and Communication, Physician of Economics, Professor Vusal Gasimli mentioned on the V Worldwide Banking Discussion board 2021 in Baku, Development stories.
Gasimli mentioned that in accordance with the CBA’s worldwide settlements, 88 p.c of transactions are made in US {dollars}, 4 p.c in Chinese language yuan.
“The truth that the yuan is one step forward when it comes to a digital forex reveals that we are going to witness large adjustments on the earth of digital forex,” the manager director added.
“Digital forex will virtually fully and enormously change our monetary and banking sector,” Gasimli mentioned.
The chief director added that the monetary sphere is being modified in Azerbaijan.
“The newest change was the introduction of cryptocurrencies primarily based on blockchain know-how,” Gasimli mentioned. “The work has been already launched to create a digital manat. The Azerbaijani authorities is conducting the corresponding negotiations on this challenge.”
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