Banks will conduct currency exchange operations in their head offices, branches and departments (including exchange offices), as well as payment terminals, Central Bank of Azerbaijan told APA-Economics.
“ 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 bank said.
Central Bank: Exchange offices to operate only in hotels and airports
14 January 2016
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