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Azerbaijan Central Bank may pay out USD loan debts at old exchange rate (UPDATE)

Business Materials 19 January 2016 12:52 (UTC +04:00)
The Azerbaijani government is considering the issue of the population’s paying off dollar loan debts up to $5,000 at the exchange rate of 1.05 manat versus $1, Elman Rustamov, the head of the Central Bank of Azerbaijan (CBA), told reporters Jan. 19.

details added (first version posted at 12:19)

Baku, Azerbaijan, Jan. 19

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The Azerbaijani government is considering the issue of the population's paying off dollar loan debts up to $5,000 at the exchange rate of 1.05 manat versus $1, Elman Rustamov, the head of the Central Bank of Azerbaijan (CBA), told reporters Jan. 19.

"Some $250 million may be required to compensate for the difference between the old and the new exchange rates," he said.

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