Azerbaijan, Baku /corr. Trend S.Ilhamgizi / The Chairman of Azerbaijan Parliament's Permanent Commission on Economic Policy, Ziyad Samadzade, said that the issue of indexing accounts created by Azerbaijani citizens with the AzSSR Sberbank is the Government's focus of attention and it is dedicating a lot of time and work to ensure that citizens are properly compensated.
Samadzade said that a State Commission was established for this purpose and joint work is being carried out with Kapital Bank and the Ministry of Finances. The State Commission is headed by Azerbaijan's Prime Minister, Artur Rasizade.
According to the initial accounts of the Ministry of Finance, indexing will be completed within eight years and nearly $600mln will be allocated for this purpose. Research conducted by Kapital Bank defined 1.986mln account holders. The gross amount of their deposits totals 4.8bln Soviet rubles. The Finance Ministry has three variants of holding indexes which require $0.3-0.4bln, $0.5-0.55bln and $0.8-1bln.
"Presently discussions are being held on what part of the deposits will be repaid. In addition, a large number of false bankbooks have been discovered. The archives are being searched to discover and clarify them. The materials will be prepared and submitted to the Government," Samadzade said.
The mechanism of repaying should ensure financial stability in the country and restore the rights of the account holders, he stressed.
Among the CIS countries, indexes have only been completed in Kazakhstan, Kyrgyzstan and Belarus. Presently the indexing process is being held in Russia, Ukraine and Moldova. In Russia 1 Soviet ruble is accepted for $0.0033, Kazakhstan - $0.006, Ukraine - $0.009, Belarus - $0.33, Moldova - $0.20, and Kyrgyzstan - $0.024.