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Azerbaijani Postal Order Khazri System My Become International Payoff System

Business Materials 5 September 2007 19:32 (UTC +04:00)

Azerbaijan, Baku / Trend corr.I.Khalilova / The postal order system of Khazri, established by Kapital Bank, made $1.5mln within seven or eight months, Rumiya Mammadova, the Manager of the Department of the Bank, said.

About AZN 600,000 or $700,000 was transferred through the system by 1 July. Limits for transactions made up AZN 10,000 and $12,000.

Presently, the capacity of the Khazri system can function only within the country. Most local and foreign banks have already shown interest in cooperating with Xazri.

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