TODAY.AZ / Business

Currency exchangers in Azerbaijan continue work only in tour zones

14 January 2016 [12:00] - TODAY.AZ
The Central Bank of Azerbaijan (CBA) banned the currency exchange outside the head offices, branches and offices of banks, with the exception of tourism zones (especially hotels and airports), where the currency exchange offices of banks will continue to operate, said the regulator’s statement released Jan. 14.

In recent days, due to the growth of operations with currency exchange in the country, the Central Bank has restricted, and stopped the activities of currency exchange offices for effective and efficient regulation of commercial banks’ operations, to strengthen control over operations and optimizing costs, said the statement.

Banks have a sufficiently broad branch network to provide services to the population and entrepreneurs, according to the statement.

Currently, 914 branches and offices of banks operate in the country, 458 of which are located in the regions, according to the CBA.

/By Trend/
URL: http://www.today.az/news/business/146745.html

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