Рђssociation of AzerbaijanвЂ™s banks to submit itвЂ™s proposals to National Bank on 14 November
The Association of the AzerbaijanвЂ™s banks (ABA) plans to submit its proposals by 14 November on the project вЂњThe rules for arranging currency exchange bureaus and operations with the cash currencyвЂќ.
"New rules envision the change of the terminology currency exchange вЂњplacesвЂќ for вЂ�bureauвЂќ. The bureaus will perform their activities in special places, besides, the rules describe the commitments on technical equipping of bureaus. The bureaus will be dealing with buy and sale and exchange not only of the cash currency, but also cheques, issued in the foreign currency.
For the moment 5 banks presented their resumes on the issue. The proposals will be generalized by ABA and submitted to the National Bank of Azerbaijan for consideration.