Central Bank defines operator bank for cash

17:14 - 28.07.2023


July 28, Fineko/abc.az. The Central Bank of Azerbaijan has designated Kapital Bank OJSC as an operator bank in provision of services relating to cash.

ABC.AZ reports with reference to the regulator that in order to optimize, the CBA transfers a number of business processes to banks in connection with cash, as well as improving the efficiency of cash management through the use of modern technological systems and equipment in banks.

For the first time, the selection of operator banks from among the banks that meet the requirements for sorting and re-issuing into circulation directly or through other commercial banks not only paper banknotes from their customers, but also received through other banks and the national postal network operator.