Azerbaijan considers introducing limit for cash payments in retail trade

By Trend

A proposal has been made to introduce a limit for cash payments in retail trade, Trend reports on Nov. 24.

The mentioned amendments to the law "On cashless payments" was discussed today at a plenary session of the Milli Majlis (parliament).

According to the amendments, the limit for cash payments in retail trade will amount to 4,000 manats ($2,354).

In addition, the document provides for the purchase and sale of cars for cashless payments.

In accordance with the bill, services in medical institutions in the amount of more than 500 manats ($294) will also be paid in non-cash form.

It is reported that after discussions the bill was put to a vote and adopted in the second reading.