CBA Explores Deeper Ties with Federal Reserve Bank of New York

The Central Bank of Azerbaijan (CBA) and the Federal Reserve Bank of New York have taken steps to strengthen their ties. The two institutions met to discuss foreign exchange reserve management and expand long-term cooperation.

During a meeting between CBA Deputy Governor Ali Ahmadov and a delegation from the Federal Reserve Bank of New York, they exchanged views on trends in the global economy and financial markets. They also discussed current challenges facing central banks and issues related to managing foreign exchange reserves.

The sides explored possibilities for deepening long-term cooperation between the two institutions. This move could potentially have a positive impact on the stability of the international monetary system.