Today.Az » Business » National Bank of Azerbaijan posts 32% rise in official currency reserves
04 September 2008 [09:30] - Today.Az
As of September 1, the National Bank of Azerbaijan’s official foreign exchange reserves reached $5.3 billion, up 32.4% on January 1.
The central bank said there is an imminent need for the efficient management of the present currency reserves by a firm having an international institutional customer base.
The NBA has announced an open tender to procure a portfolio management system. The tender is open to financial technology companies that offer a functionally rich and high-performance portfolio management system. A company aspiring to bid should have five 5 years of experience in developing and distributing institutional portfolio management systems, an international institutional client base and annual revenue of at least USD 5 million directly related to the sale of the proposed portfolio management system.
The bidding deadline is October 2, 2008. Bids will be opened on October 3.
/APA/
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