Azerbaijan, Baku, April 13 / Trend N. Ismayilova /
Baku Interbank Currency Exchange (BBVB) and the Baku Stock Exchange (BSE) should increase the capitalization, BBVB head Farhad Amirbayov said.
"At present, the issue of creating a single exchange area is discussed. I think it is very convenient to do so. Exchanges should increase the capitalization at least by 10 million manat," Amirbayov said.
He said that first, it will help to survive the difficult period, and, second, the two exchanges need investments. It is also cheaper and faster than creating new tools, new markets, he said.
In 1997-1999 universal exchange - BBVB, which operates on the market for over 15 years worked in the country. Baku Stock Exchange was established February 15, 2000 by 18 shareholders.
On April 13, the official exchange rate is 0.8035 manat to $1.