(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 10. Daily
limits on amounts transferred abroad by individuals have been
abolished in Azerbaijan, trend reports.
According to the Central Bank of Azerbaijan (CBA),
these changes came into force on August 9, 2023.
By Resolution No. 38/1 of the CBA Board on July 28,
2023, the "Rules for Conducting Transactions of Residents of the
Republic of Azerbaijan in Foreign Currency, as well as Transactions
of Non-Residents in National and Foreign Currency," were changed to
allow for targeted transfers of people, including foreign trade
transactions of business entities, to be done under a more
benevolent system.
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