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Financial Markets Supervisory Authority sends letter to banks on obeying 4%-margin in sale and purchase of dollar

Financial Markets Supervisory Authority sends letter to banks on obeying 4%-margin in sale and purchase of dollar

31 August 2016 10:30 (UTC +04:00)

According to the letter, the Authority receives information that several banks demand commission fees apart from interest rate corridor.

“Taking into account the abovementioned, the banks and postal operators are to conduct the currency exchange operations within the interest rate corridor”, the letter said.

Those working in the banking sector said that the Authority conducts monitoring in the branches and departments of the banks and imposes sanctions on the banks violating 4%-margin.

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