Merger of exchanges not anticipated

Neither the administration nor shareholders of the Baku Inter-bank Currency Exchange (BICEX) are in talks on setting up a universal currency exchange through a merger with the Baku Stock Exchange (BSE).

This is stated in a news-release from BICEX following widespread merger speculation. At the same time, two exchanges maintain regular contact and exchange information. For instance, BSE experts have taken part in an educational training in Turkey organized by BICEX in cooperation with the Istanbul Stock Exchange.*