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Azerbaijani Central Bank tightens currency exchange rules

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Date: 7 January 2016 09:52

Baku, Azerbaijan, Jan. 7


Exchange of currency in the amount exceeding $500 will be carried out in Azerbaijan only if the identity card is available, as provided by the rules of organizing foreign currency exchange offices and operations approved by the Central Bank of Azerbaijan.

The rules regulate foreign currency exchange in banks, their branches and offices, local branches of foreign banks and the national postal operator. The previous rules didn’t apply to the currency exchange offices in post offices and local branches of foreign banks.

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