Under the new order, which has already entered into force, the exchange offices are not allowed to provide other services rather than currency exchange services. A special license is required to provide currency exchange services.
The currency exchange points can function at a separate kiosk or building, including at railway stations, hotels, ports and airports. Furthermore, in addition to the exchange rate itself, a license (or a copy) for currency exchange operations, the hotline number of the FIMSA for complaints and appeals, as well as the schedule of the currency exchange office operation should be placed on a prominent location.
The currency exchange in such places is carried out only in cash.
The sale of currency equivalent to more than $500 or purchase of currency equivalent to more than $10,000 is possible only with the provision of an identity card.
New rules approved for currency exchange in Azerbaijan
02 January 2018
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The Financial Market Supervisory Authority (FIMSA) of Azerbaijan has approved a new procedure for currency exchange operations.
