FEDERATION OF EURO-ASIAN STOCK EXCHANGES
SEMI ANNUAL REPORT OCTOBER 2008
BAKU INTERBANK CURRENCY EXCHANGE
One more important mission is demanding
long preparation, which is a gradual
transformation of Baku into the financial
center of region.
Farkhad Amirbekov
General Manager
The work of the BBVB was made purposeful
due to the fact that it was directed towards
developing the market economy and in
particular, focused on the development of the
financial market of Azerbaijan. Today, the
BBVB focused on the development of all
international links aiming at the acceleration of
the development of the Azerbaijani financial
market.
One of the perspective directions of the
development is the organization of electronic
trade for the money market needs. The BBVB
FUTURE OUTLOOK
• Modernization and reorganization of the
BBVB web-site;
• Development of settlement and clearing
services, in particular software for management
of banks’ trading limits on credit and currency
markets;
• Improvement of the risk management system
in realization of clearing operations;
• Further increasing professional skills of the
Exchange’s personnel;
• Development of modern corporate
aspires to increase the number of companies
participating in trading and number of trade
finance instruments, while trying to develop the
technical opportunities in trading and clearing
systems.
It is especially important to realize the complex
strategy of corporate management under the
condition of impressive economic growth of
Azerbaijan and to further increase the demand
for financial services.
One more important mission, which has had a
long preparation period, is the gradual
transformation of Baku into the financial center
of the region. Creation of a uniform Caucasian
Universal Exchange will enable the banks in
Georgia and Azerbaijan to have greater
access to international capital markets and to
develop risk management processes. In my
opinion, we have set up all the required
preconditions and we are ready to accomplish
this goal.
governance principles;
• Introduction of the international system in the
field of GAAP (General Accepted Accounting
Principles);
• Implementation of a new trading system;
• Development of Internet technologies and e-
commerce;
• Intensification of activity in the organized
interbank money market;
• Expansion of external contacts with
international and regional organizations.
CONTACT INFORMATION
Contact Name Ms. Aynur Bayramli
E-mail [email protected]
Website www.bbvb.org
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