Turnover on Plastic Cards in Azerbaijan Grew by 64.2% in 2008
OREANDA-NEWS. February 12, 2009. In 2008 turnover on plastic cards issued by Azerbaijan’s banks grew by 64.2% comparing to the year 2007 and exceeded \\$5,335 billion.
The National Bank of Azerbaijan informs that in 2008 turnover on plastic cards in Azerbaijan made AZN 4.274 billion versus AZN 2.603 billion in 2007. In 2008 it has been carried out 40.111 million transactions through the cards. There were 3.626 million cards issued by local banks.
At the same time it has been carried out 38,448 million transactions through debit cards for AZN 3.801 million and 1.663 million transactions for AZN 473 million via credit cards.
By end-2008 exchange rate was AZN 0.801 per USD.