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    FIMSA: Open currency position of banks will be over 3%

    The authority talks over this issue with commercial banks
    © Report

    Baku. 16 march. REPORT.AZ/ Open currency position for banks operating in Azerbaijan will not be fixed under 3%.

    The chief of prudential policy and methodology department of Financial Market Supervisory Authority (FIMSA) Rustam Tahirov told Report.

    According to him, FIMSA currently talks over this issue with commercial banks: “We hold active talks with banks and let me say that this figure will be higher than 3%”.

    Notably, current limit is 10%. 

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