Bank Of Baku

Refund of Soviet-period bank savings problematic in Azerbaijan

Refund of Soviet-period bank savings problematic in Azerbaijan
# 28 February 2007 13:00 (UTC +04:00)
There some problems with refund of soviet-time bank savings and the government commission is working on the issue, Ziyad Samadzade, Chair of Parliament Commission for Economic Policy, told APA-Economics.
He said that the depositors’ paperwork, registration and the transparency of the process arouse great problems.
“The mechanism should work in a way that the rights of the depositors are not violated. We have some problems with paperwork and the commission is working on the issue,� he noted.
By the preliminary calculation, refund of the savings is worth AZN 700m ($800m) /APA/
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Politics

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