Regulation on replacement of damaged currencies
According to the Law of the Republic of Azerbaijan “On the Central Bank of the Republic of Azerbaijan”, the Central Bank replaces currencies fit for circulation without limitation.
Example
Example
Example
Calculation method
To determine the face value of a banknote, a checkered sheet of 200 equally sized squares is used, according to the size of each denomination. The area of the remaining surface of the banknote shall be defined as follows:
Note: Banks shall submit to the Central Bank or its structural units, within three working days at the latest, national currencies of doubtful authenticity or national currencies which have retained at least 60% of the surface area and at least one of the two serial numbers is intact, but the parts cannot be identified as belonging to the same banknote, together with an application.
Currency replacement points
Nationwide:
Operator banks assigned by the Centrl Bank and their branches – IBA OJSC and Kapital Bank OJSC
Other commercial banks and their branches operating all over the country
Working hours: Monday, Tuesday, Wednesday, Thursday and Friday, from 10:00 to 16:00
Regional offices:
Monday – Friday: from 10:00 to 16:00
Monday – Friday: from 10:00 to 16:00
Working hours: Monday - Friday, from 10:00 to 16:00
Note: The Central Bank and operator banks replace national currency free of charge.