Banks in Azerbaijan Limit Foreign Currency Sales

Some bank branches in Azerbaijan's capital imposed limits Thursday on the amounts of foreign currency they would sell to customers, who in some places lined up outside to convert their cheapening manats. Oil-rich Azerbaijan has been hit hard by the collapse in global crude prices, and the manat currency has fallen in value by more than a third against the dollar in the past month. The central bank has burned through more than half its foreign exchange reserves trying to support...

© La Voix de l'Amérique - jeudi 21 janvier 2016