Central AsiaRSS

Azerbaijan adopts Bloomberg auction platform for FX

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The Central Bank of Azerbaijan has chosen to conduct its auctions for foreign exchange (FX) instruments and deposits through Bloomberg’s auction platform. The platform manages primary market operations, and has been recently extended to include FX instruments (spot and outright) and deposits, in addition to its pre-existing suite of fixed income and repo products. Ali […]

Nasdaq powers Kazakhstan’s new stock exchange

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Astana International Financial Centre (AIFC) has chosen Nasdaq to power Kazakhstan’s nascent stock exchange, the AIFC Exchange. The exchange is targeted to launch in late-2017 and will initially trade equities and fixed income with other asset classes for future phases. Within the framework of the agreement, the Nasdaq Matching Engine will be implemented and go […]

Swift’s KYC registers right notes with Turkmenistan and Uzbekistan

New addition to Swift's network

A number of banks in Turkmenistan and Uzbekistan have signed up to use Swift’s Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks, funds distributors and custodians required for due diligence processes. In both deals, Swift worked with its business partner in the Central Asia region, […]

WorldRemit brings instant money transfers to CIS markets

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Digital money transfer service WorldRemit is now available in Ukraine, Armenia, Belarus and Kazakhstan, expanding its partnership with the Russian “Contact” payment system. The development follows WorldRemit’s recent service launch across Russia in collaboration with Contact. The firm’s users can now send money to be collected as cash pick up at more than 3,000 locations […]

B1NK bot brings payments “first” to Kazakhstan

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Digital-only B1NK, part of Capital Bank Kazakhstan, has unveiled the region’s “first” chat and payments bot – using Telegram Messenger. The bank says its customers can send money to friends and manage their cards all via the messenger service. Gani Uzbekov, CEO, Capital Bank Kazakhstan (B1NK), says: “Today only a couple of tier-2 banks in […]

Kyrgyzstan’s national bank invites bids for system implementation

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The National Bank of Kyrgyzstan is inviting bids for the implementation of a new informational-analytical system (IAS). The submission deadline is 17 June 2016 and the bank says it has received a credit/grant from the International Development Association toward the cost of the financial sector development project. The project is conducted under the auspices of […]

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