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Over 90 percent of Azerbaijani retirees get pension via debit cards

Business Materials 26 January 2009 13:44 (UTC +04:00)

Azerbaijan, Baku, Jan. 26 / Trend , U.Ismayilova/

Over one million Azerbaijani retirees (93 percent) receive their pension via debit cards, up from 960,000 people in October, the Azerbaijani State Social Protection Fund (SSPF) said on Jan. 26.

"All retirees in Azerbaijani cities and 84 percent of retirees in villages and settlements receive their pension via debit cards," the fund reported.

A total of 417 additional bank machines have been installed in Azerbaijan to increase the number of retirees using debit cards. Fifty-one were installed in villages and settlements.

Azerbaijan has over 1.27 million retirees, the fund reported.

The average pension in the country is 96 manat.

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