Azeri c.bank to raise mandatory reserves for FX deposits to 1 pct

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10:00 | 18.03.2016

Azeri c.bank to raise mandatory reserves for FX deposits to 1 pct

Azerbaijan's central bank will increase the mandatory reserves banks have to set aside for foreign exchange deposits to 1 percent from 0.5 percent, it said in a statement on Thursday.

The changes are to take effect from May 1.

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Azeri c.bank to raise mandatory reserves for FX deposits to 1 pct

Azeri c.bank to raise mandatory reserves for FX deposits to 1 pct

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