Azerbaijan:
Period Of The Law "On Full Deposit Insurance" Is Extended
27 May 2021
GRATA International
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The President of the Republic of Azerbaijan Ilham Aliyev had
issued a Decree on approval the Law on Amendments to the Law
"On full deposit insurance" that was adopted by Milli
Mejlis. (December 18, 2020).
According to this Law, all protected deposits which interest
rate are in the limits of annual interest rate set by the Board of
Trustees of Fund of Deposit Insurance irrespective of the amount
are subject to full insurance until April 5, 2021, by the
participating banks of Fund having special permission (license) for
implementation of banking activity.
Originally Published 20 January, 2021
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