Bank Of Baku

CB chairman: “It is possible to put large-denomination-currency to the turnover in Azerbaijan”

 CB chairman: “It is possible to put large-denomination-currency to the turnover in Azerbaijan”
# 06 September 2013 08:13 (UTC +04:00)

He also did not exlcude the change of the design of banknotes in future: “However, currently this issue is not on the agenda”.

 

Rustamov commented on the recent media reports regarding new design of manats: “They are rumors and do not reflect reality. Design of currencies is changed in the world's leading countries every 8-10 years and this is a normal process. Central Bank of Azerbaijan considers this issue with the government and the Monetary Reform Commission and in case if new decision is passed, that will be a joint decision”.

 

He added that it was not expected to derive coins, including small denomination coins from the circulation in Azerbaijan.

 

 

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