CBA Shares Experience with National Bank of Kazakhstan
OREANDA-NEWS. December 06, 2013. The Central Bank of Azerbaijan shared experience with the delegation from the National Bank of Kazakhstan with an eye to familiarize them with the Azerbaijani experience on cash operations.
The delegation was received by Mr Agshin Valiyev, Executive Director of the CBA, who briefed the guests on the CBA’s Establishment of the Most Up-to-date Cash Management Standards program and relevant projects, the most progressive systems and technologies to be applied in cash operations, and their would-be contributions to the banking sector.
The CBA employees detailed the participants on the activities and future targets of the Cash Block with respect to organization of cash circulation and money demand forecasting. The guests, in parallel, were provided with broad presentations on Creation of the Monetary Units Growth Capacity, Launch of Fully Automated Cash Center, Launch of the Integrated Cash Management Information System, Creation of the New Logistic Model of Cash Management, and Launch of Business Processes on Money Exeprtise based upon International Standards projects. To witness regional cash management systems and the up to standards regional infrastructure the employees from the National Bank of Kazakhstan visited the Yevlakh Reserve Center.
The delegation highlighted how useful the CBA experience is, and hoped for ongoing pooling of experience and relevant assistance in future.