12:58 - 5.06.2023

---

June 5, Fineko/abc.az. People are upset by the high interest rates of bank transactions, it is 1.5-2% more.

ABC.AZ reports that MP Rufat Guliyev said about this when delivering speech at today's meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.

The MP suggested setting a standard interest rate of transactions in banks of 0.5%:

"However, this will benefit some banks. What does every bank in the region need to install a cash machine?!”

The MP said that in Azerbaijan, especially in the regions, it is necessary to expand the activities of currency exchange offices. He noted that there is still a "black market" for currency exchange:

"Where can tourists exchange money on weekends if banks do not work? Especially in the regions, it is important to resume the activities of currency exchange offices."