Bank Of Baku

Arrangements for stimulation of cashless payments made in Azerbaijan

Arrangements for stimulation of cashless payments made in Azerbaijan
# 11 February 2011 16:14 (UTC +04:00)
Baku. Ali Ahmedov – APA-Economics. Azerbaijan Ministry of Taxes intends to realize complex arrangements for stimulation of using from cashless payments of entrepreneurs and consumers, said the Minister of Taxes Fazil Mammadov.

According to him, the practices of Eastern and Western European countries, Brazil, Baltic State are learned on this.

At the same time, he also acknowledged that, relevant infrastructure must be established for this.

Besides, the interest rates of banks for using the plastic cards, general legislation acts will have to be reviewed. He says that, Ministry of Taxes holds talks with CBA for solution of this problem: “This will be very progressive issue. Because of this is the president’s order”.
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