Azerbaijani banks have stopped selling foreign currency.
According to “Caucasus Online”, Bank Respublika has not explained the reason for the termination of sales, noting only that “the decision was made within the Bank”. “AtaBank” in the Bank AFB said that for several days did not sell dollars.
Bank Nikoil reported that on August 30, stopped selling all types of foreign currency.
Recall that the largest banks in Baku on 19 and 20 August or completely stopped the sale of foreign currency without explanation or restricted transactions to the amount from $100 to $500.
In 2015, the Bank of Azerbaijan twice devalued the manat. After the transition to a floating exchange rate in December last year, the national currency of the country has weakened in half against the dollar. This year, the manat dropped against the U.S. currency in more than 7%.
