Azerbaijani parliament makes amendments to law on insurance of deposits

  11 December 2020    Read: 742
Azerbaijani parliament makes amendments to law on insurance of deposits

The amount of compensation for protected deposits of individuals in Azerbaijan is set in the amount of 100,000 manat or $58,823. 

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.


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