Central Bank: Banks must seriously control limit of foreign currency rates - UPDATED

Central Bank: Banks must seriously control limit of foreign currency rates - <span style="color: red;">UPDATED
# 08 January 2016 15:53 (UTC +04:00)

Central Bank sent letters to all banks and Azerpocht LLC.

“Banks and their branches and departments must seriously control limit of foreign currency rates set by the Central Bank of Azerbaijan”, the letter says.

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17:52

Baku. Musa Ahmadov - APA-Economics. Central Bank of Azerbaijan has sent a letters to banks on limit of rate deviation of sale from the purchase rate.

According to APA-Economics, the banks must comply with 4%-limit of deviation of sale from the purchase rate. Previous limit was 2%.

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