Azerbaijani Parliament amends law on insurance of deposits
BAKU, Azerbaijan, Dec. 11
By Elchin Mehdiyev - Trend:
The amount of compensation for protected deposits of individuals in Azerbaijan is set in the amount of 100,000 manat or $58,823, Trend reports.
This issue was reflected in the amendment to the law ‘On full insurance of deposits’ discussed at a plenary session of the Parliament of December 11.
This law, which was in force for 4 years and 9 months, expired on December 4, 2020. The submitted draft proposes to extend the law's being in force until April 5, 2021.
After discussions, the amendments to the law were put to a vote and adopted in the first reading.