BELARUS NEWS AND ANALYSIS

DATE:

26/11/2008

Reps of Belarus Currency Stock Exchange visited Baku Interbank Currency Exchange

Baku, Fineko/abc.az. Representatives of the Belarus Currency Stock Exchange, including Methodology & Analysis Department's head Anna Nesterovich and specialists of the Department of Currency & Urgent Markets, Department of Clearing & Depository Activity Natalya Kurskova and Yelena Mashanova have visited the Baku Interbank Currency Exchange (BBVB).

BBVB has reported that in the course of working meetings the Belarus guests familiarized themselves with BBV activity results, principles of work and role in financial system of Azerbaijan. The BBVB officials organized and conducted presentations about BEST system (e-exchange trading system) and OICM (organized interbank credit market). On the example of both systems the Byelorussians were demonstrated exchange mechanisms of organization of trading and calculations on foreign currencies, and told of the order of co-operation between the National Bank of Azerbaijan, clearing banks and BBVB when conducting trading and calculations.

In the end of the visit the parties discussed major directions of BBVB development in the nearest prospect and stressed the necessity and importance of maintenance of bilateral contacts, and partnership development.

Source:

http://abc.az/eng/news_25_11_2008_29791.html

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