The Central Bank of the UAE (CBUAE) and the Central Bank of Azerbaijan have signed a Memorandum of Understanding (MoU) aimed at strengthening bilateral financial cooperation and boosting the exchange of expertise.
The agreement focuses on sharing best practices in regulation, supervision, and licensing across the banking, insurance, and payment infrastructure sectors. It also promotes joint research, training programmes, and technical visits to deepen institutional collaboration.
The MoU supports the UAE’s broader strategy to advance digital payment solutions and financial technology through international partnerships. By working closely with Azerbaijan, both nations aim to enhance financial stability, accelerate sectoral growth, and promote innovation.
Gulf Economist Staff Writer