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BAKU: Upper Garabagh Currency 'Not To Be Internationally Recognized'

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  • BAKU: Upper Garabagh Currency 'Not To Be Internationally Recognized'

    UPPER GARABAGH CURRENCY 'NOT TO BE INTERNATIONALLY RECOGNIZED'

    Assa-Irada, Azerbaijan
    Sept 8 2005

    Baku, September 7, AssA-Irada -- The 'national currency' that Upper
    Garabagh plans to illegally release into circulation will not be
    recognized by any country, deputy board chairman of the National Bank
    (NBA) told journalists on Wednesday.

    Alim Guliyev said, however, that Azerbaijan cannot prevent the release
    of the new currency.

    "The National Bank will object to the move through its own means, but
    it has no real opportunities to prevent the issuance of the currency.

    We can simply convey to the international community the illegitimacy
    of the process."

    Guliyev added that the currency may not be used anywhere outside
    Garabagh.*
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