Central Bank’s decision showed the helplessness of the authorities, expert

Central Bank's decision on the limit of $10,000 on remittances from Azerbaijan demonstrates the government's helplessness in the matter of retaining the currency of the country,  said well-known economist Gubad Ibadoglu.  According to the decision of the Central Bank, from 8 December residents and non-residents, including entrepreneurs - individuals without opening a bank account can daily transfer into foreign bank accounts no more than $1,000, and total up to $10.000 a month...

Commenting on this decision, the famous economist Gubad Ibadoglu wrote on  his  profile on Facebook that such limits  are for  people  studying abroad.

 "For example,  at the Duque University, where I am a professor, tuition and housing costs per year are about $65.000. According to our limit, a parent who has a child studying at the university, must transfer funds  during 6.5 months. On the other hand, the freedom of movement of the currency is an important issue for investors, he added. -71D-