Banks selling currency at profitable exchange rate disclosed in Azerbaijan

  27 April 2016    Read: 940
Banks selling currency at profitable exchange rate disclosed in Azerbaijan
Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.5033 manats and 1.6983 manats respectively on April 27.
According to the currency exchange rate corridor set by the Central Bank of Azerbaijan, currency exchange offices can`t buy US dollars from population at a rate less than 1.4432 manats per dollar or sell the US dollars at a rate exceeding 1.5634 manats per dollar.

The exchange rate of the banks won`t be able to buy euros from the population at a rate less than 1.6304 manats per euro, and sell them at a rate more than 1.7662 manats per euro.

Below is the exchange rate of Azerbaijani manat against those currencies on April 27, according to the Central Bank.

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