Banks Face Foreign Currency Cash Problem
The fluctuation of the national currency has caused a stir among the population, which has led to increased demand for freely convertible foreign currency. Today, several banks in Baku have faced a deficit of the US dollar.
Turan’s correspondent visited the headquarters of Bank “N” today. After a long waiting time, it became known that there is no foreign currency cash on hand. The bank’s operator said this is due to limited supply of currency. Therefore, it was suggested either to receive a money transfer in the national currency or to apply after the lunch break again. For the same reason, many other customers were also refused.
Note that on August 22 the Central Bank issued a statement which noted that the need of banks for cash and cashless currency is fully guaranteed and they have enough foreign exchange reserves for this purpose. According to the statement, there is no problem with currency exchange. --08B
Economics
-
Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
-
The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
-
Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
-
In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
Мешает ли менталитет примирению Армении с Азербайджаном? - беседа с Робертом Устяном
News Line
-
- Economical review,
- 15:35
- 23
Leave a review