Azerbaijan introduces new rules for exchange rate

Today the Central Bank of Azerbaijan (CBA) introduced new measures to reduce speculative transactions with exchange rates. A corridor of exchange rate of 4% of the official rate of the Central Bank was limited today. These rules are to start working from January 9th. In case of detection of violations, banks and exchange offices will be severely punished, Trend reports.

Recall that the country's population is waiting for the CBA’s decision, according to which currency can be exchanged only in banks and their branches. It means that all currency exchange offices will be closed in Azerbaijan.