Currency rates

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as at 17.07.2018
M
$
1 AZN =0.5872 USD 0 (0%)

Currency rates

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as at 17.07.2018
  Buy Sell
Currency CBA rate Cash operations Non-cash operations Cash operations Non-cash operations
USD 1.7000 1.6780 1.6780 1.7030 1.7020
EUR 1.9921 1.9423 1.9423 2.0011 2.0060
GBP 2.2519 2.1956 2.1956 2.2789 2.2744
RUR 0.0273 0.0263 0.0255 0.0276 0.0276
CHF 1.7061 1.5867 1.6208 1.8255 1.7914
JPY 0.0151 0.0140 0.0143 0.0162 0.0159
CAD 1.2958 1.2051 1.2310 1.3865 1.3606
AUD 1.2639 1.1754 1.2007 1.3524 1.3271
TRY 0.3510 - 0.3334 - 0.3686
AED 0.4628 0.4165 0.4397 0.4952 0.4859
SEK 0.1931 0.1796 0.1834 0.2066 0.2028
NOK 0.2102 0.1955 0.1997 0.2249 0.2207
DKK 0.2673 0.2486 0.2539 0.2860 0.2807
KZT 0.0050 - 0.0047 - 0.0065
GEL 0.6932 - - - -
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Letter of credit

Letter of credit

Advantages

If your company participates in foreign trade operations, our letter of credit is the most secure and guaranteed international payment method.

A letter of credit is issued by the bank based on your request in favour of your contract counterparty.

Hence, the bank acts as an intermediary between your company and the seller.

The payment will be done only after the bank receive all the documents confirming the shipment of goods / shipping / rendering of services by the seller.

Advantages

For the Seller:

  • Assurance that export income will be collected if the Buyer fulfills all the conditions and terms of the letter of credit.
  • Reliable and quick payment of goods just after their shipment (provided all the supporting documents are submitted to the bank).

For the Buyer

  • Assurance that the Seller will not get the payment until all the terms of the contract are fulfilled.
  • Possibility to use the letter of credit for financing or as a collateral

Types

We offer the following types of letters of credit:

  • Irrevocable letter of credit
  • Stand-by letter of credit
  • Confirmed letter of credit
  • Non-confirmed letter of credit
  • Transferable letter of credit
  • “Back-to-back” letter of credit

Services

We offer the following services on letters of credit

  • Opening, confirmation, advice and transfer of letters of credit, other operations (conditions amendment, documents checking, payments).
  • Advisory services regarding letter of credit  transactions.
  • Confirmation of letters of credit by the world’s first-rate banks.
  • Opening of the import letters of credit (financed by the Client).
  • Opening of the import letters of credit (financed by IBA).
  • Opening of the import letters of credit with deferred payment (financed by IBA).