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CBA says Azerbaijan banks decide independently on Zolotaya Korona transfers to Russia
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Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.
The Central Bank of Azerbaijan (CBA) said it does not intervene in decisions by banks and payment systems regarding cooperation, following the suspension of money transfers from Azerbaijan to Russia through the Zolotaya Korona payment system.
Responding to a query from Trend, the CBA said cooperation between banks and payment systems is based on mutual agreements between the parties.
Media reports in recent days said money transfers from Azerbaijan to Russia via Zolotaya Korona had been temporarily suspended.
The payment system's official website also no longer lists Azerbaijan among the countries from which users can send or receive money.
Under those measures, Payment Center (Platezhny Tsentr), the Russian non-bank credit institution that operates the Zolotaya Korona payment system, was added to the EU sanctions list.