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BAKU: NK currency 'not to be internationally recognized'

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  • BAKU: NK currency 'not to be internationally recognized'

    AzerNews, Azerbaijan
    Sept 15 2005

    Upper Garabagh currency 'not to be internationally recognized'


    The 'national currency' that Upper Garabagh plans to illegally
    release into circulation will not be recognized by any country, the
    National Bank deputy board chairman told journalists last week.

    Alim Guliyev said, however, that Azerbaijan cannot prevent the
    release of the new currency.
    "The National Bank will object to the move, 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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