(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 9. Banknotes
will be exchanged in a new order in Azerbaijan, trend reports.
This issue is reflected in the proposed amendment to
the law "On the Central Bank of the Republic of Azerbaijan",
submitted for discussion at today's meeting of the Milli Majlis
According to the amendment, the nominal value of
banknotes consisting of an entire part or consecutive parts
belonging to the same paper banknote, with at least 60 percent of
its surface and at least one of the two serial numbers on it in
full will be paid by the Central Bank.
The nominal value of a banknote consisting of
incoherent parts belonging to the same paper banknote, with the
preservation of at least 60 percent of its surface and both serial
numbers on it in full will also be paid by the CBA.
Moreover, the CBA will pay the nominal value of a
metal banknote with a preserved description and inscriptions on its
undamaged surface in an amount that allows determining its nominal
value and has not been deformed.
If it is established that the presented banknote is
fake, then the exchange will not be made, and accordingly, its
nominal value will not be paid. The counterfeit banknote is
non-refundable and will be transferred to the appropriate state
body (institution) for taking measures established by law.
Banknotes in foreign currency will not be exchanged by
the Central Bank of Azerbaijan.
The amendment was put to the vote and adopted in the
first reading after discussion.
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