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Azerbaijan's Central Bank eases restrictions on money transfers and cash withdrawal
Baku/10.08.23/Turan: The monthly limit of up to $ 20,000 has been raised in Azerbaijan (previously it was $10,000).
At the same time, the daily limit on transfer of funds abroad by individuals in the amount of $1,000 has been abolished.
Besides, citizens of the country can cash $10.000 abroad within a month by means of payment cards issued in Azerbaijan.-0-
Finance
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The State Oil Company (SOCAR) has decided to issue ‘green bonds’.
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All 6 companies ('Eliko', 'Delta Capital', 'Zuhur', 'Baku Central Valuta', 'Meta-Kapital' and 'Money Shop'), to which the Central Bank of Azerbaijan (CBA) issued a licence for currency exchange services, meet the capital requirements of the regulator.
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In spite of the fact that the third quarter of 2024 is over, the Azerbaijani government has yet to announce the amount of public debt as of the end of September.
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In January-October 2024, receipts on unemployment insurance premiums in Azerbaijan totalled AZN 167 million. This was reported by the State Tax Service under the Ministry of Economy.
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