Baku, Azerbaijan, Mar.12
By – Trend:
The Central Bank of Azerbaijan (CBA) has lowered reserve requirements on deposits by four times.
The consequential amendments to the rules of calculation and formation of reserve requirements have been approved by the Chairman of CBA Elman Rustamov.
As a result, reserve requirements on deposits or settlement base have been reduced from 2 percent to 0.5 percent of their volume.
Edited by CN
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