ACTIVITY OF MONETARY TRANSFERS SYSTEMS WESTERN UNION AND MONEYGRAM BLOCKED IN AZERBAIJAN

Today.Az
tics/46791.html
Aug 1 2008
Azerbaijan

A special resolution of the National bank of Azerbaijan blocked the
activity of the Western Union and MoneyGram monetary transfers systems
in the country.

In line with the decree, the transfers and receipt of money by
Western Union and MoneyGram systems were fully stopped in all banks
of Azerbaijan.

It should be reminded that on July 24 Today.Az posted a material
"Big monetary transfers system Western Union assists to Armenian
diaspora in transferring money to Nagorno Karabakh separatists" and
"Another bigger monetary transfers system MoneyGram assists to Nagorno
Karabakh separatists", in which we covered the problem of transfers
of money to Nagorno Karabakh from all countries of the world, which
is considered to be the assistance to separatists of the said area.

In these articles we called on all the authorized structures of
Azerbaijan to react to this fact in the duly manner.

Fortunately, the National Bank of Azerbaijan timely interfered with
this issue.

It should also be reminded that Day.Az informed the public that Migom
monetary transfers system promote money transfers to separatist of
Nagorno Karabakh.

After the material was posted, head of department of Migom monetary
transfers Lev Chugunov told Day.Az that respecting the sovereignty
of Azerbaijan, as well as the history and culture of our country,
Migom ceased monetary transfers in the direction of Nagorno Karabakh.

In turn, we are confident that we should not stop on it.

Day.Az calls on the Azerbaijani Foreign Ministry, Finance Ministry,
National Bank, Cabinet of Ministers, Banks Association to study the
details, connected with cooperation between the Russian VTB bank and
Artsakhbank and the "shutdown" of the VTB bank affiliate in Nagorno
Karabakh.