Web Desk April 12, 2021

Baku: Recently, information has spread in mass media about the difficulties in receiving renewed 1, 5 and 50 manat banknotes by payment terminals of non-bank payment service providers.

 

We would like to inform you that to adapt cash systems (ATMs, payment terminals, cash counting and processing systems, etc.) operating throughout the country to the renewed banknotes, all commercial banks and non-bank payment service providers were informed back on 20 October 2020 and provided with appropriate banknotes.

 

Monitoring by the Central Bank shows that cash systems of commercial banks and non-bank payment service providers have been largely adapted to the renewed banknotes.

 

However, to investigate the difficulties of a number of non-bank payment service providers in adapting payment terminals to the renewed 1, 5 and 50 manat banknotes, troubleshoot without delay and complete the adaptation as soon as possible, a meeting was held with representatives of non-bank payment service providers and recommendations and instructions were given to these organizations to take appropriate measures.

 

Source: Central Bank of the Republic of Azerbaijan

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