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BAKU, Azerbaijan, June 13. Digital
funds are anticipated to develop by 25 p.c within the nationwide cost
system by 2026, and the share of non-cash transactions in whole
turnover will attain 55 p.c, Director of the Middle for Evaluation
of Financial Reforms and Communications Vusal Gasimli mentioned throughout a
monetary expertise summit in Baku, Development stories.
Based on him, the introduction of worldwide traits
(synthetic intelligence, machine studying, open banking, and so on.)
continues to develop monetary applied sciences in Azerbaijan.
“I need to be aware that the Worldwide Financial Fund
forecasts financial development within the South Caucasus by 5-7 p.c in
the medium time period. The advance of economic applied sciences and
administration on this space is among the necessary steps,” Gasimli
added.
“Based on the forecasts, the worth of digital
cost transactions on the international stage might be about $6.7
trillion by the tip of 2023. The share of non-cash funds within the
whole turnover of Azerbaijan will attain 51 p.c in 2023,” he
mentioned.
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