Azerbaijan's Central Bank Explores Deeper Cooperation with US Fed

The Central Bank of Azerbaijan (CBA) and the Federal Reserve Bank of New York have explored opportunities for deeper cooperation in foreign exchange reserve management.

A delegation from the Federal Reserve Bank of New York met with CBA Deputy Governor Ali Ahmadov to discuss global economic trends, challenges facing central banks, and issues related to managing foreign exchange reserves.

The meeting aimed to identify areas where the two institutions could expand their long-term cooperation. The details of any potential agreements or next steps were not specified in a statement from the CBA.