Baku: A Memorandum of Understanding on cooperation has been signed between the Central Bank of Azerbaijan and Uzbekistan's National Agency for Prospective Projects.

According to Azeri-Press News Agency, the agreement aims to establish a legal framework for collaboration between the two institutions.

The Memorandum is set to strengthen ties in the capital and insurance markets, and in the development, regulation, and supervision of crypto-assets. The institutions plan to exchange experience and information, conduct reciprocal visits and joint initiatives, and promote the development of innovative financial technologies. These efforts are intended to enhance financial inclusion and operational efficiency.