BSTDB ready to continue with local currency operations in Azerbaijan

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Azer News

By Trend The Black Sea Trade and Development Bank (BSTDB) is ready to continue with local currency operations in Azerbaijan, Dmitry Pankin, President of BSTDB said in an exclusive interview with Trend. “While a key raison d’etre for MDBs is the mobilization of external resources (foreign currencies) at attractive rates, and this will remain the case, there is nevertheless a growing demand for local currency lending in many markets where MDBs operate in order to help expand and deepen those markets, contribute to de-dollarization policies, and help catalyze greater external involvement in finan…

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