Ten currency exchange offices have closed. According to the report of the Central Bank of Azerbaijan, these objects belonging to 6 banks were revealed violations of currency legislation.
"The CBA monitoring of February 23 revealed that 10 exchange points of 6 banks violated the rules of purchase and sale of foreign currency. In particular, they bought and sold foreign currency in violation of the margin rate on cash (+/- 2% of the official exchange rate)," the official information said.
On the basis of recorded violations the licenses of exchange offices to conduct foreign exchange operations were canceled.
In this case, the CBA does not indicate exchangers of what banks violated these rules, as well as where they are deployed. --17D-
Economics
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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