Azerbaijan and Russia to increase mutual settlements in national currencies

© RIA Novosti / Ramil to Setdiscoverable in photobacteria of economic development in Moscow. Archival photo<img src="/wp-content/uploads/sites/5/2018/09/3d9882b258203d346c73bb640a7a59e7.jpg" alt="Azerbaijan and Russia to increase mutual settlements in national currencies" />© RIA Novosti / Ramil to Setdiscoverable the image Bank

Russia and Azerbaijan have all the resources to switch to national currency in mutual settlements, told reporters Deputy Minister of economic development Azer Talibov.

«The prospects of using national currencies in mutual trade have to say that it has all the necessary features. Today the entire institutional environment to make such calculations carried out», — he said on the sidelines of the ninth Azerbaijani-Russian interregional forum.

For some groups of goods, such calculations are currently carried out, he added.

«We have within our plans for increasing this kind of cooperation and increase mutual settlements in national currencies. Today in Azerbaijan there were represented several Russian banks, including enough active Bank VTB in the Russian Federation carries out its activity of international Bank of Azerbaijan — IBA-Moscow», — said the Deputy Minister.

To build such calculations required consistent work on the part of regulators of the two countries, he added. «And what concerns the government, we pursue a consistent policy in transfer payments in national currencies. Azerbaijan is in this sense no exception, and we will continue it,» said Talibov.

Azerbaijan and Russia to increase mutual settlements in national currencies© Vitali Policyspace unnecessary

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