**Georgian and Azerbaijani Central Banks Meet**
A team from the National Bank of Georgia (NBG) visited the Central Bank of Azerbaijan. The visit included a meeting between Natia Turnava, the President of NBG, and Taleh Kazimov, the President of the Central Bank of Azerbaijan.
**Monetary Policy Discussed**
The two central banks talked about working together on monetary policy and banking activities in the region. They also discussed the economy and how it’s affected by global events.
**Georgia’s Economy Strong**
Natia Turnava said that Georgia’s economy is doing well. Inflation is under control, and the country‘s economy is growing fast. She said this is due to careful decisions made by NBG, which have helped keep prices stable.
**Cooperation on Payments and Fintech**
The two central banks also talked about how they can work together to make cross-border payments faster and more efficient. They want to reduce costs and improve the efficiency of these transactions. Georgia’s payment infrastructure is being updated to speed up transactions. The upgrade of the RTGS system and the introduction of an instant payment system are part of this effort.
**Memorandum Signed**
After the meeting, Natia Turnava and Taleh Kazimov signed a memorandum of cooperation. This will help their central banks work together in various areas.
**Attendees from Georgia**
Zurab Pataradze, the Georgian Ambassador to Azerbaijan, also attended the meeting. Other NBG officials who were there include Tamta Sopromadze, Vakhtang Sikharulidze, Natalia Chkoidze, and Giorgi Edilashvili.
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