Finance

Finance

Banks available for currency exchange - LIST

Banks available for currency exchange - <span style="color: red;">LIST

14 January 2016 11:04 (UTC +04:00)

“In order to more effective and quick regulation of exchange operations by commercial banks, strengthen the control on operations, and as a continuation of works on optimization of service networks and operational costs, currency exchange operations in exchange offices have been limited, the exchange offices have been shut down. Currency exchange operations are only conducted in tourism objects (hotels and airport). The banks have sufficient wide infrastructure of service for providing access to banking services to the population, as well as businessmen. The banks operate 914 branches and departments, of which 458 are in the regions”, the Central Bank said.

It’s difficult to forecast how this will current situation will affect the currency situation. There was a problem in providing of banks with dollar. However, SOFAZ stated it resumes currency sale in 2016.

The Fund noted that a first auction was held via regular auctions of the Central Bank and this will continue throughout the year: “All banks has chance to participate in the auctions. $200 mln was sold to 32 banks”.

Currently, there is no problem in providing of banks with dollar. APA-Economics researched whether currency exchange is conducted in the banks or not.

According to exchange rates announced by Central Bank for today, 1 USD makes AZN 1.5706, 1 Euro – AZN 1.7106. So, minimum purchase limit of 1 USD from customer is AZN 1.5078, sale limit - AZN 1.6334. Euro minimum purchase limit makes AZN 1.6422, sale - AZN 1.7790.

List of banks available for currency exchanges (As of 12:00):

BANKS	PURCHASE	SALE
AccessBank	+	+
AFB Bank	+	-
AGBank	-	-
Amrahbank	-	-
ASB Bank	-	-
AtraBank	-	-
AtaBank	-	-
Azer Turk Bank	+	+
Bank Eurasia	-	-
Bank BTB	+	-
Bank Melli Iran Baku	-	-
Bank of Azerbaijan	-	-
Bank of Baku	-	-
Bank Respublika	-	-
Silk Way Bank	+	-
Bank Standard	+	-
Bank VTB (Azerbaijan)	+	-
Technikabank	-	-
Caucasus Development Bank	+	-
Deka Bank	+	-
Expressbank	-	-
Ganjabank	-	-
Demirbank	+	+
Gunay Bank	+	-
International Bank of Azerbaijan	+	-
Zaminbank	+	-
YapiKredi Bank Azerbaijan	+	+
Xalq Bank	+	-
United Credit Bank	-	-
Unibank	+	-
TuranBank	-	+
RabitaBank	+	-
PASHA Bank	+	Only to customers
Parabank	+	-
Nikoil Bank	+	-
NBP	-	-
NBC Bank	+	-
NakhchivanBank	-	-
Muganbank	+	-
Kredo Bank	+	-
Kapital Bank	+	-
Ziraat Bank Azerbaijan	-	-
Caspian Development Bank	-	-