Azerbaijani Kapital Bank continues conducting transactions with Russian ruble
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 1
By Sadraddin Aghjayev - Trend:
Azerbaijani Kapital bank continues conducting the transactions
with the Russian ruble, Spokesman for Kapital Bank Parviz
Sadraddinov told Trend .
Sadraddinov added that there are no restrictions on transactions
with the Russian ruble.
“Presently, the currency position of Kapital Bank includes the
transactions in Russian rubles,” the spokesman said.
The volatility of the national currency has sharply increased in
Russia recently. The US dollar has risen in price from about 80
rubles ($0.74) to 140-190 rubles ($1.30-1.76) in some banks.
The Board of Directors of the Central Bank of Russia decided to
raise the key rate from February 28, 2022 to 20 percent per
annum.
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