Many Banks Still Do Not Sell Dollars or Euros

. Despite the fact that the State Oil Fund and the Central Bank of Azerbaijan on 8 September sold 300 million USD from the foreign exchange auction, it has not become easier to buy the currency at commercial banks and the foreign exchange deficit persists.

Contrary to expectations, many banks have not resumed USD sale on September 9.

For example, Bank Respublika, Bank Standard, Rabita Bank, Pasha Bank, Demir Bank and the International Bank of Azerbaijan said they would not sell foreign currency.

Uni Bank reported a limit on the sale of $ 100 per person, and Ata Bank evasively said the limit depends on the amount of cash in each separate branch.

Only in Capital Bank we were told that there were no restrictions on the sale USD there.

It should be noted that the major emission of the dollar in the market on September 8 caused depreciation of the rate of currency purchases by commercial banks from the citizens. Thus, banks lowered the purchase price from 1.70 - 1.68 manats to 1.64 manats per dollar.

It should be noted that the Central Bank set the official exchange rate on September 9 at 1 USD / 1.6403 AZN.   -71B-