The National Bank of Azerbaijan is controlling the process on withdrawal of old banknotes within the denomination of the National Currency, Trend reports. Elman Rustamov, the Chairman of NBA, said that old banknotes to the sum of 14-15 mln. AZN are to be withdrawn from the population. The above-mentioned process is going on regularly and controlled on the spots everywhere both in the regions and Baku, said Mr. Rustamov. In order to ensure the convenience with exchanging old banknotes to new ones, the Azerbaijan President issued a Decree, and starting from January, 2007, the exchange of the banknotes can be carried out both in NBA, its offices and structures, as well as in the banks operating in the country (including their branches and offices). The exchange to new banknotes is carried out by the banks without any deduction of commission payments. Notably, old banknotes had been a mean of cash payment and settlement up to December 31, 2006.
NBA to Withdraw 15 mln. AZN of Old Banknotes
7 February 2007 16:36 (UTC+04:00)