Sputnik- According to media reports, Azerbaijan and Iran have started to discuss the integration of the bank cards system of the two countries.


BAKU (Sputnik) � Azerbaijan and Iran have started to�discuss the integration of�the bank cards system of�the two countries, however no results have been achieved so far, local media reported, citing Central Bank of�Azerbaijan.


"The issue is being considered by�the expert committee. There have been no results achieved so far," the Bank said in�a statement, as�quoted by�the Trend news agency.


According to�the news agency, one of�the possible options of�the integration of�the bank cards between�the two countries is the connection of�Iranian banks to�the Azerbaijani system of�card payments. In this case, Iranian citizens will be able to�use their cards on�the territory of�Azerbaijan, while Azerbaijani bank cards will automatically operate in�Iran like�local cards.

In August 2016, the Iranian and Azerbaijani Central Banks discussed establishment of�a joint regional bank for�the development of�financial cooperation and facilitation of�the transactions between�the two countries on�the sidelines of�the trilateral meeting between�Russian President Vladimir Putin, his Azerbaijani counterpart Ilham Aliyev and Iranian leader Hassan Rouhani in�Baku.
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