MP Zahid Oruj noted that the government should reconsider the operations of several committees and agencies in the situation following the devaluation of manat.
MP Gudrat Hasanguliyev protested against the fact that Elman Rustamov, chairman of the Central Bank of Azerbaijan has not been dismissed yet, considering unacceptable the CBA’s statement that it is impossible to apply Nakhchivanbank’s decision by other banks.
“Such an attitude is wrong. The interest rate on loans offered by banks is 30-36 percent. Let them to demand loans of at least 370 persons at the previous exchange rate of dollar, he said.
MP Vahid Ahmedov proposed the repayment of up to AZN 10,000 loans at the previous rate of dollar. “Moreover, it would be better to extend deposit insurance and increase maximum sum of insured deposits from AZN 30,000 to AZN 500,000. This limit must be canceled at banks with high corporate management. We also offer banks to create larger financial banks that may reduce interest rates,” he added.
The Azerbaijani government is preparing a plan of measures to overcome the current difficult economic situation, said Parliament Speaker Ogtay Asadov.
“The plan will be made public soon,” he said.
The speaker also discussed the issue of problem loans, adding that the efforts will be made to solve it in a planned manner.
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