CBA warns about currency exchange on black market

In response to widespread misconceptions about the existence of a "black market" for the sale of foreign currency in the country, we state that the Central Bank of the Republic of Azerbaijan (CBA) exercises control over banks and exchange offices licensed to conduct foreign exchange activities.

Report informs, citing CBA, that carrying out currency exchange activities without a relevant license contradicts the legislation's requirements, and the competent authorities provide the prevention of such activities.