Azerbaijan increases amount of compensation for deposit insurance to AZN 100,000

Azerbaijan increases amount of compensation for deposit insurance to AZN 100,000
  • Clock-gray 17:25
  • calendar-gray 07 December 2020

After the expiration of the law of the Republic of Azerbaijan "On full insurance of deposits" it is proposed to increase the amount of compensation for insurance of deposits by more than 3 times, a source told APA-Economics.

According to the source, from 5 April next year after the expiration of the mentioned law, it is proposed to increase the amount of compensation from 30,000 to 100,000 manats.

Note that the bill on amendments to the Law of the Republic of Azerbaijan "On full insurance of deposits" has already been included in the agenda of the meeting of the Milli Mejlis, which will be held on December 11.

The project proposes an extension of the term for another 4 months.

Nijat Mustafayev

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