Digital Manat Concepts Azerbaijan Impact on the Economy: Opportunities and Risks Analysis

Abstract

Articles, the main purpose of digital manat economic mechanism of influence theoretically analyze it in the Azerbaijani economy, which can create opportunities and possible risks, identify. For these purposes, in accordance with digital currencies, the economic essence, their financial system, and the impact on the functions of various countries in this area have been studied. The conducted analyses show that the introduction of digital manat payment systems, improving the efficiency of non-cash payments, expanding the financial modernities and increasing the transparency of economic relations in terms of raising important potential. However, in the banking sector, financial intermediation, weakening probability, cybersecurity, problems and regulatory issues like certain risks also exist. Research, scientific novelty of the digital manat on the economy of Azerbaijan is a systematic mechanism that explains the conceptual models associated with the preparation. The results of the study show that the digital manat implementation of the country's financial system modernization and digital economy, the contribution to development can give. But this process is successful for the implementation of the appropriate legal and technological infrastructure, which is important. Research, one of the main goals of the Central Bank for regulatory framework, technological architecture, cybersecurity, measures and phased application of strategies related to policy recommendations - present..