Azerbaijan will not lift fees for 100-manat banknotes

Read on the website Vestnik Kavkaza

Chairman of the board of the Azerbaijani Central Bank Elman Rustamov said that 100-manat banknotes will not be lifted due to efficiency in simplifying cash circulation.


The fee of 0.3% was adopted in February 2013 for the banknotes to reduce their circulation, when it reached 75%, and balance use of small banknotes.