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RESOLUTION OF BOARD OF CENTRAL BANK OF THE AZERBAIJAN REPUBLIC

of August 13, 2018 No. 17/2

About modification of the "Rules of issue and use of payment cards" approved by the Resolution of Board of the Central Bank of the Azerbaijan Republic of July 10, 2012 No. 16/3

For the purpose of expansion in the country of digital payments based on "The strategic Road Map on development of telecommunication and information technologies in the Azerbaijan Republic", the Azerbaijan Republic approved by the Presidential decree of December 6, 2016, the Board of the Central Bank of the Azerbaijan Republic based on article 22.0.17 of the Law of the Azerbaijan Republic "About the Central Bank of the Azerbaijan Republic" decides:

1. Approve changes in the "Rules of issue and use of payment cards" approved by the Resolution of Board of the Central Bank of the Azerbaijan Republic of July 10, 2012 No. 16/3 it (is applied).

2. Charge to Legal department (R. Melikov) to provide in three-day time submission of this Resolution to the Ministry of Justice for entering into the State register of legal acts of the Azerbaijan Republic.

Chairman of the Central Bank

Elman Rustamov

Approved by the Resolution of the Central Bank of the Azerbaijan Republic of August 13, 2018 No. 17/2

Changes in "Rules of issue and use of the payment cards" approved by the Resolution of Board of the Central Bank of the Azerbaijan Republic of July 10, 2012 No. 16/3

Bring in the "Rules of issue and use of payment cards" approved by the Resolution of Board of the Central Bank of the Azerbaijan Republic of July 10, 2012 No. 16/3, the following changes:

1. replace in subitem 3.5.9 of the word "blocking of the card or" with the words "blocking of the card, " to add after the word "terminations" of the word", and also card replacements new";

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