The delegation of the National Bank of Georgia headed by Giorgi Glonti, the Vice-president of the National Bank of Georgia took part in the conference held in Copenhagen (Denmark) on 4-5 September. The forum was held under the aegis of  SWIFT (Society for Worldwide Interbank Financial Communication). 140 member country chairmen  attended this assembly.   The Conference participants reviewed the changes in worldwide businesses development in the recent years. The participants listened to the Chairman of SWIFT Directors’ Council Mr. Yap Cump and the Executive director Leonardo Shrank’s speeches.  The recent years results were evaluated on the forum. It was noted that in 2004 the level of SWIFT usage was increased and service prices were lowered.   According to Giorgi Glonti, the Vice-president of the National Bank of Georgia, the meeting of CIS (Commonwealth of Independent   States) authorities was held within the forum where the issues of current importance for the region  were discussed and  among them,  preparation to move  to new SWIFT systems.   The International system SWIFT is included in 7500 financial institutes of the 200 countries all over the world. The National Bank of Georgia became a member of the system from the year 1996. Now SWIFT service is used by 19 commercial banks of Georgia who carry out transfer procedures individually.