OREANDA-NEWS. On March 03, 2008 the document has been signed in the course of the visit of Baku interbanking currency exchange delegation to Moldova with the aim to establish the mechanism of long-term cooperation between the two parties.

According to the agreement, the exchanges of Moldova and Azerbaijan will perform information exchange in the issues of trading systems functioning, exchange the experience in introduction of international standards and advanced technologies in professional sphere, in risk of exchange operations management, exchange in legislative basis on securities.

Within the agreement they plan creation of joint working groups, organization of bilateral trainings and educational programs for the two exchanges specialists. Baku interbanking currency exchange (BICE) was created in 1993 by 5 state banks.

Today it decently represents Azerbaijan both on regional and international levels. Introducing advanced technologies of stock exchange industry in Azerbaijan, new services and products in the financial market it obtained the experience of its foreign colleagues.

Moldova Stock Exchange also is a founder and member of Euro-Asian Stock Exchange Federation. Besides Baku interbanking currency exchange is a part of world community of various stock exchange institutions.