He said that after the “Law on Full Deposit Insurance” enters into force, an emergency meeting of the ADIF Board of Trustees will be held.
Javadov added that once the law comes into force, the limit on the amount of the insured deposits will be removed, rather than the limit of the interest rate, which covers the ADIF guaranteed deposits.
Therefore, as he said, the ADIF Board of Trustees will review the issue of reconsidering this rate.
Highest rate on insured deposits to be reconsidered in Azerbaijan
28 January 2016
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The Azerbaijan Deposit Insurance Fund (ADIF) will reconsider the highest rate on insured deposits, said Azad Javadov, the ADIF executive director, at a press-conference Jan. 28.
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