OREANDA-NEWS. December 01, 2014. An agreement on cooperation has been signed between the International Bank of Azerbaijan and Eximbank of Russia on the sidelines of the 7th International Banking Conference.

The document was signed by IBA Chairman of Board Jahangir Hajiyev and Chairman of Board of Eximbank of Russia Dmitry Golovanov.

Dmitry Golovanov said one of the key positions of this agreement is the opportunity of using the national currencies in joint work.

“The foreign trade calculations in rubles and manats, particularly in the current circumstances, will positively affect the development of the trade-economic and political relations between Azerbaijan and Russia.”

He said this agreement opened up new opportunities for exporters of Russia and Azerbaijan, adding this would be easier for them to enter the markets of both countries.