Operations of Currency Traders Impeded
The spread of false information via SMSs about the course of the dollar against the manat has been violated, the Financial Markets Supervision House (FMSH) of Azerbaijan stated.
'Together with the relevant government authorities we have suspended the activities of an entity that circulated false information about the rate, using the short number 9944. The report said that in the market the dollar purchase price is 1.785-1.87 manats, while the Central Bank's official exchange rate is 1.6362 manats. The entity even pointed out its phone number, where people could contact them - (+9912) 404 13 89,' the statement said.
Recall, the currency exchange rate corridor set by the Central Bank for currency exchange points of banks as of September 7 is as follows: the purchase of US dollars - not less than 1.5708 manats to $ 1, and the sale - no more than 1.7016 manats to $ 1.
FMSH "forgets" that, given the failure of commercial banks to sell dollars, the black market is thriving. Simply the closed entity tried honestly to legalize the currency as a commodity at a price more affordable than offered by the dealers at the 28 May subway station. --17D-
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