350bn AZM to be allocated for return of deposits

Business Materials 29 October 2005 14:17 (UTC +04:00)

“The government will allocate 350bn manats from the public budget for 2006 to return community deposits,” MP Ali Alirzayev, the deputy chairman of the Milli Majlis Commission on Economic Policy, told Trend.

The bill , which will ensure return of community deposits, was developed and presented to the President’s Apparat. “The bill may be discussed at the next meeting of the Parliament. The terms will depend on amount of the allocated fund,” he added.

The MP noted that the amount of the deposits would depend on correlation between the old ruble and the current manat. “If the Parliament take equivalent of ruble to dollar, it will be profitable for the population,” Alirzayev underlined.