Bank Of Baku

Azerbaijan postpones consumer lending in foreign currency for month

Azerbaijan postpones consumer lending in foreign currency for month
# 05 April 2016 08:44 (UTC +04:00)

APA-Economics reports that the Board passed a decision to deeply and comprehensively analyze consumer lending, define regulator frames within a month for providing financial stability and protection of consumer rights.

 

According to the decision, the consumer lending in foreign currency should be postponed for a month. The chamber has right to prolong the period.

 

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THE OPERATION IS BEING PERFORMED