Tuesday, 24 October 2017 09:28 GMT
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ABA: Exchange offices to help Azerbaijan's tourism development (UPDATE)

(MENAFN - Trend News Agency ) headline changed, details added (first version posted at 18:18)

Baku, Azerbaijan, Apr. 19

By Azad Hasanli – Trend:

Resumption of operation of currency exchange offices outside banks will contribute to development of tourism and financial markets in Azerbaijan, head of the Azerbaijan Banks Association (ABA) Zakir Nuriyev told reporters in Baku.

The resumption of exchange offices' operation outside banks is provided by amendments to the 'Law on Currency Regulation', submitted to the Azerbaijani Parliament for consideration.

'Azerbaijan is realizing special programs for tourism development and development of financial markets. Their successful implementation requires creation of the necessary infrastructure and its efficient operation. From this viewpoint, the amendments could be helpful,' Nuriyev said.

In accordance with the amendments, individuals and legal entities will be allowed to open currency exchange offices in Azerbaijan.

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ABA: Exchange offices to help Azerbaijan's tourism development (UPDATE)