Azeri Leader Rejects Bill to Tax Outflows of Foreign CurrencyBy
Nation sought to contain currency crisis with capital controls
Manat has stabilized this month after trading at record lows
Azeri President Ilham Aliyev refused to sign into law a bill proposed by parliament last month to impose a 20 percent tax on foreign currency exported for investment abroad, a centerpiece of the government’s efforts to cope with the fallout from collapsing oil prices.
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